May 1, 2006 10:13AM

Medicare & Social Security Trustees Report to Be Released at Noon

I expect to have more to say about the trustees report once I’ve had a chance to read it. My prediction is that the trustees will announce that Medicare’s unfunded liabilities have grown since last year’s estimate of $68.4 trillion.

But no change in the trustees’ projections is likely to change the fact that Medicare is a ticking tax bomb — made worse by a GOP that keeps packing in the explosives.