The Swine Line

USA Today article on the cost of benefits to senior citizens
Senior benefit costs up 24%
The cost of government benefits for seniors soared to a record $27,289 per senior in 2007, according to a USA TODAY analysis.
That’s a 24% increase above the inflation rate since 2000. Medical costs are the biggest reason. Last year, for [...]

Filed under: Entitlements, In The News, Social Security | 1 Comment »

The Financial Times takes a look at the consequences of ignoring the explosion in entitlement program spending:
US’s triple-A credit rating ‘under threat’
The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody’s, the credit rating agency, said [...]

Filed under: Entitlements, Medicare/aid, Reform, Social Security | 1 Comment »