Statement on the 2015 Social Security & Medicare Trustees Reports
Statement on the 2015 Social Security & Medicare Trustees Reports
NEW YORK — Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation, commented today following the release of the 2015 Annual Reports of the Social Security and Medicare Trustees:
“In today’s reports, the Trustees sound a clear warning call that Social Security and Medicare remain on an unsustainable path. The Trustees warn us once again that, without action, the health and retirement security of millions of Americans will be put at risk.
“Unfortunately, the longer we wait, the more limited our options become. And the sooner we act, the more flexibility we will have to implement sensible, gradual and compassionate reforms. By acting now, we can preserve and protect these vital programs — especially for Americans who need them the most.
“There’s no shortage of options available for policymakers to eliminate the threat to these programs. As part of our Foundation’s recent Solutions Initiative, five leading think tanks from across the political spectrum developed long-term fiscal plans that stabilize the debt and sustain Social Security and Medicare.
“Adopting a comprehensive plan to stabilize our fiscal future is essential, both for the long-term viability of these key programs, as well as for the success of our overall economy.”
Further Reading
The Debt Ceiling Will Be Reinstated on January 1 — Here’s What’s at Stake
One of the first, and most consequential, decisions facing newly elected lawmakers will be what to do with the debt ceiling.
How Does Student Debt Affect the Economy?
As overall student debt has grown over the past decade, it is apparent that such borrowing can place a financial burden on households.
How Does the Federal Government Subsidize Healthcare Under the ACA — and What Does It Cost?
In 2025, the expansions of the premium tax credit under the Affordable Care Act will expire, and lawmakers will have to decide whether to extend them.