Insurance (HI) Trust Fund (Medicare) is expected to become insolvent by
2019; The Social Security trust fund, by 2041.
Treasury Secretary Henry M. Paulson, Jr.
Statement on the 2007 Social Security and Medicare Trust Fund Reports:
" . . . to
make the system whole on a permanent basis, the combined payroll tax
rate would have to be raised immediately by about one-third from 12.4
percent to about 15.9 percent, or benefits reduced immediately by 22