Trustees of the Social Security program just issued their annual report.
Each year, the picture of the program’s solvency is dismal. But this year it’s even worse.
Rather than falling short in 2033, as reported last year, this year the shortfall is projected to be in late 2032.
That’s six years from now.
Without action taken, benefits, per the report, will be cut 22% late in 2032.
That means that every young working person is now forced to pay, by law, 12.4% of their pay — half paid by them and half paid by their employee — into a bankrupt system.
As I recall, this is a free country. So,… Read More in Real Clear Politics