
Social Security and Medicare cuts are coming because the bond market will eventually bring Congress to its knees, economist says
via fortune.com
Short excerpt below. Read at the original source.
The next decade will see a major catalyst for fiscal reform, namely the looming insolvency of the trust funds that support Social Security and Medicare. Lawmakers will initially try to put off making politically unpopular cuts to the programs, but that will cause a revolt in the bond market that eventually forces their hand, according […]