Social Security
We are at the beginning of a significant fight. Whose figures are correct? Is SS headed for a train wreck by 2018 or can current benefits be sustained until 2052 when they could only be paid at 70%? Is it wrong to dip into the trust fund that has built up to pay benefits. After all, the only purpose that trust fund has been serving is to allow the government to function without raising taxes. The trust fund is composed of treasury bills issued to underwrite current non SS activity.
My thoughts are that some tweaking is probably necessary, but that the program is basically sound and dipping into the trust fund is acceptable, especially if it makes the government stop deficit spending, even if taxes must be raised.
