Oh boy, is this gonna cost or what?

Medicaid and Social Security are going to go broke sooner than previously thought. As a matter of fact, it looks like medicaid will be broke by 2018 . Accordingly,

The trustees, who include the head of the Social Security Administration and three members of President Bush's Cabinet, painted a sober assessment of the health of the two programs in advance of the looming retirements of 78 million baby boomers.

"We do not believe the currently projected long-run growth rates of Social Security or Medicare are sustainable under current financing arrangements," the trustees said in this year's report.

Seems fitting that the Administration that presided over the biggest increase in government social spending with the medicaid prescription drug plan, now is telling us they don't know how they can pay for it.