30 Issues: Sense of Entitlement - Social Security and Medicare

The third rail may be issue number one this election. How will the economy affect Social Security, Medicare and other entitlement programs? How much fixing do they need? Peter Diamond, economics professor at MIT and co-author of Saving Social Security: A Balanced Approach, looks at the state of Social Security and the changes the program has seen over the past eight years. Then, Mike Tanner, Senior Fellow at the Cato Institute and Mark Weisbrot, co-Director of the Center for Economic and Policy Research take a look at McCain and Obama’s plans for Social Security and Medicare. Then, a call for those of you near retirement or thinking about retirement who may be changing your plans in the current economic climate. Are you delaying retirement? Working part-time? Comment below!