May 18, 2011

Reality Check on Social Security and Medicare

Veronique de Rugy

George Gibbs Chair in Political Economy

The 2011 Trustees Report was released this week and its findings are not reassuring for the American taxpayer. Indeed, the Treasury Department itself admits that the Social Security trust fund is unlikely to remain solvent under even the best-case scenario. In her latest appearance on Bloomberg TV, Reason columnist and Mercatus Center economist Veronique de Rugy explains the facts about the report by separating economic myths from economic realities.