Morning Jolt: The Collective Denial about Entitlement Spending

On the menu today: After last night's State of the Union Address, where President Biden and members of Congress from both parties seemed to agree to take no action regarding the long-term fiscal stability of Social Security and Medicare, it's time for a refresher on the old hard facts about the upcoming insolvency of those programs. Meanwhile, President Biden barely mentioned the Russian invasion, and he made only the vaguest reference to the Chinese spy balloon, indicating that the state of U.S. foreign policy is more challenged that he wants to admit.

Apparently, MSNBC Doesn't Trust the Trustees

Medicare is the federal health-insurance program for roughly 65 million people ages 65 and over and younger people with long-term disabilities.

According to the trustees of the program overseen by the U.S. Treasury Department, "the Hospital Insurance Trust Fund, or Medicare Part A, which helps pay for services such as inpatient hospital care, will be able to pay scheduled benefits until 2028." That's the last year of the term of whoever ...

WITH JIM GERAGHTY February 08 2023 WITH JIM GERAGHTY February 08 2023 The Collective Denial about Entitlement Spending On the menu today: After last night's State of the Union Address, where President Biden and members of Congress from both parties seemed to agree to take no action regarding the long-term fiscal stability of Social Security and Medicare, it's time for a refresher on the old hard facts about the upcoming insolvency of those programs. Meanwhile, President Biden barely mentioned the Russian invasion, and he made only the vaguest reference to the Chinese spy balloon, indicating that the state of U.S. foreign policy is more challenged that he wants to admit. Apparently, MSNBC Doesn't Trust the Trustees Medicare is the federal health-insurance program for roughly 65 million people ages 65 and over and younger people with long-term disabilities. According to the trustees of the program overseen by the U.S. Treasury Department, "the Hospital Insurance Trust Fund, or Medicare Part A, which helps pay for services such as inpatient hospital care, will be able to pay scheduled benefits until 2028." That's the last year of the term of whoever ...   READ MORE

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