Yes, but if the Dems are going to use that as an excuse for raising taxes and/or cutting benefits, then they better warm up to the idea of hanging from a rope. That ain't the way they sold it to the public. Not even close.
We were told that if we put this money into the trust fund, we'd be guaranteed to receive the retirement benefits. We were told that it was a good investment, and a safe one. No mention was made that benefits would have to be cut. No mention was made that taxes would have to be increased.
I've been paying into this ponzi scheme for more than 30 years. If they change the rules now, then the public is going to demand that their mansions and fancy cars be seized and sold to compensate for the damage they've caused.
They have been changing the rules many times over the length of the program. They did it big time in 1983 when they raised the retirement age to 67 and indexed the cap for contributions. Check out my post #27. Both parties are responsible. Congress will have to do something. The status quo is not sustainable.