"Serious problems." "A very different era." Ok – here comes the useless canard: 16:1 workers then, 3:1 now, 2:1 later. But what does that mean, W?
2018: the shortfalls begin (CBO has re-estimated this to 2020, and of course if the economy stays as rosy as W wants, it’ll push back even further).
2042: "system will be bankrupt." It’s just a big fat lie, W. The system will still be able to pay 70-80% of promised benefits even if nothing is done. Besides, the 2042 date is based on gloomy projections of the economy – CBO predicts 2052, and that date too will move further out if the economy does well.
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