Personally, I’m a little skeptical about NCPA reports. Years ago they were touting everything Chilean: Chilean retirement accounts, Chilean disability accounts, etc, etc. Much of that crapped out.
This is not to imply that Social Security and Medicare are AAA-rated, however.
Well, that figure is accurate, perhaps you need to try the quote below it from Richard Fischer, CEO of the Federal Reserve Bank in Dallas and his remarks before the Commonwealth Club. David Walker, the former comptroller...you know, head of the GAO, has been sounding off the alarm about unfunded liabilities as well. Those numbers are accurate.
Besides, just follow their sources for the report.
Another point, unlike a lot of people, I can imagine a world without Social Security or Medicare.
You are in denial.