- The next decade will see a major catalyst for fiscal reform, namely the looming insolvency of the trust funds that support Social Security and Medicare. Lawmakers will initially try to put off making politically unpopular cuts to the programs, but that will cause a revolt in the bond market that eventually forces their hand, according to Oxford Economics.
Lawmakers have known for decades that U.S. entitlement programs are on unsustainable paths as demographics inevitably skew the population older.
