Neither of the two men most likely to be elected president in November has anything that could properly be described as a workable plan for addressing the approaching insolvency of America's two largest entitlement programs.
This week's news from the Social Security and Medicare trustees ought to underscore just how foolish that is. On Monday, annual reports from the officials charged with running the two old-age entitlement programs confirmed once again that the clock is ticking for both: Social Security is expected to hit insolvency in 2035, while the portion of Medicare that pays for hospital visits and other medical care will be insolvent by 2036.
