[Alberta's Child]

Social Security is on course to start paying out more than it takes in by 2017. The money built up before then will be gone in 34 years, just about the time today's 30-somethings start reaching in their mailboxes for a benefits check.

The errors in this item make it abundantly clear how big the problem is -- and how there's really no reason to be concerned about it because there's no point in rearranging deck chairs on the Titanic.

1. The Social Security fund is not "on course to start paying out more than it takes in by 2017." It's been paying out more than it takes in for years -- since FICA tax revenue has been allocated to the general Federal treasury going all the way back to 1969.

2. Which means there is no "money built up before then," either.

[Smokin' Joe]

THere is a solution. Sell off some of that Federal Land. Half of the US west of the Misssissippi is owned by the US government. Some pretty scenic properties in all that, too.

As for boomers, boomers didn't write the law, paid their money in, and at least those of us late to the 'boom' will get nothing but the shaft.

Just pay me back what I have paid into that ponzi scheme (since I was 14) and I'd be a happy camper--only do it now so I can invest it and make it grow along with the rest.

[Senator Pardek]

The "trust fund" is in gubmint securities - akin to writing IOUs to one's self.

There is no trust fund.
There is no trust fund.
There is no trust fund.

You know that and I know that, but sadly - few Americans are aware.

[LibertarianInExile]

"1. The Social Security fund is not "on course to start paying out more than it takes in by 2017." It's been paying out more than it takes in for years -- since FICA tax revenue has been allocated to the general Federal treasury going all the way back to 1969.
2. Which means there is no 'money built up before then,' either."

100% accurate post BUMP!