A year ago, I wrote:
Think Social Security will be solvent until 2041? Think again. The next president will face rapidly growing problems by the end of his or her first term.
At the time, the concern was that the substantial Social Security surpluses we have experienced during the past 22 years would begin to shrink.
An updated version of a Congressional Budget Office chart I presented last year shows that the shrink has indeed begun…
And soon, we’ll all finally realize that having a Social Security Trust Fund is exactly like not having a Social Security Trust Fund.
And the government has the gall to jail Bernie Madoff.
There is no Social Security Crisis. I argued round and round with Democrat after Democrat about this back when George W. Bush tried to create private accounts that my generation would own if they chose to voluntarily participate.
I was told in no uncertain terms that it was all a Republican lie and that the Social Security fund was solvent.
Therefore…there is no problem. The Obamanation does not need to deal with Social Security.
Look at it this way: Next to the time bomb that is Medicare, the Social Security crisis is indeed small potatoes. That does not, however, make it solvent.