Key Facts on the Medicare Trustees Report

SOCIAL SECURITY TRUSTEES REPORT SHOWS PROGRESS BUT IDENTIFIES REMAINING CHALLENGES

March 30, 2000

Today, the Social Security Trustees reported that the projected life of the Social Security trust funds have been extended until 2037 – 3 years longer than projected in last year's report. These improvements are due in large part to President Clinton's strategy of fiscal discipline which has helped create the conditions for the longest economic expansion in U.S. history. Even with this good news, the report underscores the major challenges facing the Social Security program. The President has a proposed a specific plan to make a down payment on addressing these challenges, extending the life of Social Security to at least 2054, while paying down the debt held by the public by 2013.




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