Social Security Runs Short of Money and Ideas Fly on How to Repair It
“We’ve long heard warnings that the Social Security program that 52 million Americans rely on for their retirement benefits could one day run out of money. Analysts say that’s not going to happen — if only because older people are such a powerful voting force — but this year the system has hit a worrisome milestone: the Social Security Administration reported that the retirement benefits paid out each month exceeded the tax revenues and interest that fund the program.”