Times editors lied. When properly administered, both programs are sound. More on that below.
In November 2011, a Times editorial headline "Fixing Medicare," saying:
"There is no way to wrestle down the deficit without reigning in Medicare costs."
"The only way to make Medicare sustainable is to have it grow at the same rate as the economy that provides the tax base to support it."
"The solution, most experts agree, is to have Medicare pay doctors and other health care providers fixed sums to manage a patient's care and then let the doctors decide which services are truly necessary."
In other words, let providers and bureaucrats choose who gets care, how much, under what circumstances, at what cost, and perhaps leave out those requiring expensive treatment.
In April 2012, a Times editorial headlined "A Year in the Life of Social Security," saying:
Without "reforms," full benefits can only be paid "until 2033 - versus 2036 in last year's report - and three-fourths of benefits after that."
"(L)awmakers should act soon to bolster the system's financing".What is needed is a balanced mix of modest benefit cuts and moderate tax increases (to ensure) solvency (and) fair (burden) sharing."
On January 5, The Times called Social Security "worse than you think." Saying so belies reality. More on its duplicitous scaremongering below.
On August 14, 1935, the Social Security Act became law. It's called the federal Old-Age, Survivors, and Disability Insurance program (OASDI).
It provides retirement, disability, survivorship, and death benefits. It's America's most effective poverty reduction program. It's worked remarkably well since inception.
It provides secure inflation-adjusted retirement or disability income. Personal savings aren't risked.
It's sound and secure. It's not going bankrupt. When properly administered, modest adjustments alone assure it. The same holds for Medicare.