Sorry for the quadruple post, but the propaganda campaign against Social Security is soooo ridiculous. It is led by banks because banks want more privatized retirement programs because more privatized retirement programs = more fees.
As a program itself, from administrative costs to effective distribution, Social Security is well run.
If you want to bury your head in the sand, that's up to you. Social Security is being paid by current employees to fund retirees and the disabled. It's a huge pyramid scheme and eventually those pyramids collapse.
Then consider our aging population with insufficient economic growth. It's not rocket science. In 2034 benefits will be limited to 79% and it will decline from there. It can't be looked at in isolation either. The national debt is about $20 trillion and unfunded mandates raise it up to about $230 trillion (numbers range from about $180 to $280 trillion). It's not some "vast right-wing conspiracy." It's reality. Deal with it.
Raise the cap on the payroll tax. As I said before.
