Social Security and Medicare take a turn for the worse

[Nicoleta01]

Social Security will start paying out more in benefits than it collects in taxes in 2016, a year sooner than projected last year, and the giant trust fund will be depleted by 2037, four years sooner, trustees reported.

Medicare is in even worse shape. The trustees said the program for hospital expenses will pay out more in benefits than it collects this year, just as it did for the first time in 2008. The trustees project that the Medicare fund will be depleted by 2017, two years earlier than the date projected in last year's report.

Source: http://www.msnbc.msn.com/id/30698248/

Less workers due to unemployment and the bad economic climate means less taxes being withheld for Medicare and Social Security. >.< Not good overall, with the seniors beginning to retire soon.

I'm not sure what would be a better course, borrow or raise taxes? Mass Immigration could help, if managed properly (due to workers paying in and such), just not sure....