TITLE

Social Security and Medicare ain't broke

AUTHOR(S)
ARMSTRONG, RUSS; GORIN, STEVE
PUB. DATE
September 2011
SOURCE
New Hampshire Business Review;9/23/2011, Vol. 33 Issue 20, p14
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
In this article, the author discusses the contribution of Social Security and Medicare Part A to the national debt or the deficit in the U.S. The author states that under the Affordable Care Act, Social Security and Medicare Trust Funds are restricted to borrow from the general fund. He mentions that the rapid escalating cost of medical care drives the deficit threat. He adds that redemption of Treasury notes resulted to the decrease in the government debt to the Social Security Trust Fund.
ACCESSION #
67255330

 

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