Today marks the 50th anniversary of Medicare and Medicaid. And despite 50 years of threats and criticism from both the right and the left, the programs will only continue to grow.
By raising the cap on the amount of yearly income that can be taxed for Social Security — it's currently set at $118,500 — the government could actually increase benefits.
Contrary to what many young Americans think, Social Security will still be there for them decades from now. But necessary concessions will make it much tougher to stomach.