The Thatcher Line

Five Things You Need to Read Today

1. The Thatcher Line

It is totally in keeping with the tone of the current political debate that the news that is actually most important is the least discussed.

Here is what’s really important: we’re careening headlong past the Thatcher Line, the point at which the government runs out of other people’s money. Specifically, a new report indicates that Social Security and Medicare are running out of money and doing it even more rapidly than previously projected.

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