No, I didn't. Exporting jobs is not what is causing SS to go broke. Our aging population coupled with rising life expectancy are the problems. When SS was implemented in the 1930s, it had 37 workers for every retiree. By 1950 there were just 16 workers for every retiree, long before we were exporting jobs.
The Social Security program matured in the 1960s, when Americans were consistently having fewer children, living longer, and earning wages at a slower rate than the rate of growth in the number of retirees. As these trends have continued, today there are just 2.9 workers per retireeand this amount is expected to drop to two workers per retiree by 2030.
The program was stable when there were more than 3 workers per beneficiary. However, future projections indicate that the ratio will continue to fall from two workers to one, at which point the program in its current structure becomes financially unsustainable.
That’s why the Death Panels are so vital.
Every year sliced off the lifespan is huge for the SocSec and Medicare funding.