Wednesday, May 13, 2009

Homework - Current Events, Social Security Running Out of $



Read the Info. Look at the picture. Answer the questions.

Info:
WASHINGTON — The Obama administration reported Tuesday that the condition of Medicare and Social Security has gone down because the economy is so bad.

The Medicare fund that pays hospital bills for older Americans is expected to run out of money in 2017, two years sooner than they thought it would run out. The Social Security trust fund will be gone in 2037, four years earlier than they thought the money would run out.

Spending on Social Security and Medicare was more than $1 trillion last year. That is about one-third of the whole federal budget.

Questions:
1) Which two programs are running out of money?
2) When will Medicare run out of money?
3) When will Social Security run out of money?
4) How much did America spend on Social Security and Medicare last year?

Info taken from NYTimes.com - top stories 


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