There was good news and bad news out of Woodlawn this past week.
The good news is that, thanks to a stronger-than-expected economy, Medicare and Social Security will remain solvent a little bit longer than expected. Social Security’s trust funds covering both retirement and survivor benefits will not face a shortfall until early 2035 instead of 2034 as was projected last year. The fund covering disability benefits is in much better shape. Medicare’s hospitalization fund, meanwhile, comes up short in 2036...