The Social Security system will take in more money annually than it pays out in benefits until 2020, two years later than earlier estimated, the Congressional Budget Office reported Monday in a modest change unlikely to alter the growing political debate over the program. Congress' budget analysts also estimated the program's trust funds will be depleted in 2052, "meaning that beneficiaries will be able to count on receiving only 78 percent of their scheduled benefits beginning then.
So the figures of impending doom by 2018 were false, and the figures of certain doom by 2042 were false. You've gotta hand it to the White House. They certainly know how to cry wolf to push along the agenda. The problem is now that their think tanks will be working overtime to filter in this information for his speech on Wednesday. I'm sure "owner society "and "personal accounts" will be the cornertone of this part of the address. The other big question I have is will Charles Krauthammer be part of the speechwriting team this time?
