Social Security on track for 'large, abrupt' cuts in 17 years unless Congress acts:
"A root cause for the financial woes for Medicare and Social Security is the aging baby boomer population, and the trustees estimate the cost jumps will be higher than any GDP growth that could potentially offset things.
Meanwhile, lawmakers have not made progress addressing the difference between these two numbers by raising more money, raising the retirement age or dialing back payments.
“The gap is getting bigger, and politicians have their heads in the sand,” said Marc Goldwein of the Committee for a Responsible Federal Budget.
Politically, the available options are incredibly explosive.
Raising taxes is unpopular, and restricting payments to seniors is also unpopular.
This leaves both Democrats and Republicans at an impasse."