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Social Security & Medicare Will Run Out Sooner Than Expected

Filed under: Health

Social Security & Medicare Will Run Out Sooner Than Expected

Time to start saving for retirement… NOW!

Medicare and Social Security are both grounded by trust funds, and according to a new report by the programs’ trustees, the funds will run out earlier than initially expected.

Social Security is expected to have sufficient funds to pay 100% of promised benefits through 2036. Medicare is expected to be in trouble after the year 2024.

The bad economy is to blame for the short expiration date, but there are larger problems at hand that need to be worked out to get these programs back on track.

Said Treasury Secretary Tim Geithner:

"We should not wait for the trust funds to be exhausted to make the reforms necessary to protect our current and future retirees. Larger, more difficult adjustments will be necessary if we delay reform. And making reforms soon that are phased in over time would help reduce uncertainty about future retirement benefits."

If you’re young right now, it’s probably best to assume that you will NOT get social security when you retire!

[Image via AP Images.]

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HBO Nixes Diane Keaton Blogger Show!

Filed under: TV NewsSad SadEllen Page

hbo-does-not-pick-up-tilda

Lame! We wanted to see this!

HBO has announced that they will not be picking up the proposed Diane Keaton pilot Tilda, which was set to be about an influential Hollywood blogger!

Sources explain that "despite everyone's best efforts," the original showrunner Cynthia Mort left the project behind, and with the actors' - Keaton, Ellen Page, and Jason Patric - contracts expiring in March, the network decided to just cut their losses and let it go!

Well, at least they have Charlie Sheen's new pilot to fill whatever spot this would have taken! Ha!

Seriously though, this is kind of a shame!

Oh well! What can you do?

What do U think?? Are U disappointed Tilda never made it to air??

[Image via WENN.]

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