Medicare is in even worse shape. The trustees said the program for hospital expenses will pay out more in benefits than it collects this year, just as it did for the first time in 2008. The trustees project that the Medicare fund will be depleted by 2017, two years earlier than the date projected in last year's report.:
These funds will collapse much sooner than indicated here. Most government revenues are derived from the individual income tax. Peak Oil means less employment and less income.