Social Security, Medicare on Shaky Ground

The economic situation has left much business in shambles, but the consequences of the recession may strike at those who rely on government programs like Social Security and Medicare. With more and more people leaving the workforce, these programs will eventually become so encumbered that they will collapse.

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Congress has recently been mulling over proposals to fix the forthcoming crisis situation for Social Security and Medicare. One of these plans of action is to create a bipartisan commission that will preemptively tackle the problems facing government benefit programs. This commission would then assemble a package of adjustments for Congress to approve, with no options left off the table.

President Obama has called for action to avoid the problems that the government benefits programs face but has not yet thrown his support behind the commission idea. Instead, Obama would prefer that Congress continue to focus on his health care and global warming initiatives.