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I have a different take. I feel sold out as an economic conservative that he thinks everyone should have the same amount of money, or more when they retire. I personally would have rather him tell the truth about the whole thing. It is bankrupt and dying.

My main fear is MEANS TESTING WITHOUT PERSONAL SAVING ACCOUNT. Look for the dems to push this.

It was rather confusing what he was saying. First he mentioned that social security will be broke 2027. The truth is it is already broke because the fund is filled with IOUs - otherwise more government debt. But I believe he did clarify later by saying that would be the date that incoming contributions will be dwarfed by outgoing payments. That's when it starts to cost the government to have pensioners. Although it will really cost before then since governments now use social security money to meet current expenditures. So now the US government lives off of 12% of every paycheque (less current payments) in addition to regular income tax.