April 24, 2012
It’s always a good idea to look at the data that you present to readers when you write about it. It appears that CNNMoney forgot to do this in an article whose first sentence warned of the, “the burgeoning costs of Medicare and Social Security.”
The chart shows a modest uptick in the cost of Social Security, measured as a share of GDP, over the next two decades, then a line that is essentially flat over the remaining 55 years of the projection period. Medicare does have costs that could be called “burgeoning,” but that is the story of our broken private health care system.
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