Health Care

Investor Business Daily - Entitlement Time Bombs Threaten Uncle Sam's 'Full Faith And Credit'

In case you missed it, Moody's Investors Service recently said that the bonds issued by the U.S. government may not be a completely safe bet in the future. Why? Because of the trillions of dollars in unfunded obligations to the Social Security and Medicare programs.

"These two programs are the largest threats to the long-term financial health of the United States and to the governments' AAA rating," Moody's Vice President Steven Hess said in the agency's annual report on the U.S. issued last month.

If this sounds serious, it is.