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Social Security and Medicare cuts are coming because the bond market will force Congress: economist
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Social Security and Medicare cuts are coming because the bond market will force Congress: economist

1 min read

"A sharp upward repricing of the term premium for longer-dated bonds could force Congress back into a reform mindset."

Lawmakers have known for decades that U.S. entitlement programs are on unsustainable paths as demographics inevitably skew the population older. Attempts to come up with a fix have gone nowhere, but the expected insolvency of the Social Security and ... [4325 chars]

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Source: Fortune

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