Wow this is propaganda 100%. There is only a theoretical shortfall. For a few years the boomers will overwhelm the system. But shortly afterwards the system will be more flush than ever. As the boomers die off and the oldest boomer is now 77, the very large millennial generation will be able to pay for the boomers and generation X from then on. The next problem will come about 50 years later and will depend on the size of the next generation which is being born right now.
Nobody will lose their Social Security no matter what. The easiest way to solve the problem would be to lend the Social Security program some money as a stop gap. The better way to solve the problem is to move back the age when people could start Social Security by 2 years. Especially the early retirees could be moved back to 64. The later retirees could be moved back to 69.
Another way to do it is a claw back.. That allows people to get Social Security but to claw it back if their income is too high. This could be offset with a higher SS benefit if people wait until 75 to get their higher benefit. That way it works as an insurance policy for those who are wealthier.
If all us old folks die off in the next year or two as the anti-vaxx FReepers predict, there’s no problem at all.
F-- no.
If Republicans try to pull that stunt they will be a minority party FOREVER and ever. Lower full retirement back to 65.