jacob frenkel from washington. >> susie: more bad news for medicare and social security. a new report by the trustees of those big programs finds big problems. the social security trust fund is now expected to run out of money in 2033. that's three years earlier than projected last year. medicare costs are also running higher than expected. darren gersh takes a look at what's driving the changes. >> reporter: 11 million people now depend on social security for disability benefits. but the money in the disability trust fund will now gone by 2016. congress could swap assets from the retirement part of social security and put it into the disability program. but that's just a temporary fix. and it would hurt the rest of social security. the trustees responsible for social security have downshifted their outlook for wages and tax revenues. that's why they are now predicting social security's biggest deficit since 1983. >> congress must begin the process of deciding what levels of benefits and taxation best serve the interests of younger americans who are increasingly uncertain

. >> jacob frenkel, thank you for joining us. >> next up, ewald nowotney made news with his comments. get a reaction from ron paul. ♪ now i'm a geologist at chevron, and i get to help science teachers. it has four servo motors and a wireless microcontroller. over the last three years we've put nearly 100 million dollars into american education. that's thousands of kids learning to love science. ♪ isn't that cool? and that's pretty cool. ♪ >>> up next, it's no secret that congressman ron paul is not a fan of the fed. with the central bank about to take center stage, our guest host will get the chance to tee off on wall street and ben bernanke. and we check out the efforts to check out on corrupt business practices. "squawk box" coming right back. i went to a small high school. the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in college. you could call him, you had his phone number. he was just focused on making sure we were gonna be successful. he would never give up on any of us. aye, o