Social Security Isn't Broken | Dollars & Sense
I know a lot of people think SSI is "broken" but here is an interesting essay on why it may not be.
A lot of people think it's broken or going broke because that's what the Pundits tell them to think.
Truthfully, if any business could declare solvency until 2041 that would be a kick-butt business. Even Microsoft can't say they'll be solvent for the next 30 years without any innovation or business changes or restructures. My guess is. . .if Microsoft remained stagnant. . .they'd be out of business, depleting cash reserves within 2-4 years.
Now. . .all this talk about SSI. . .it's Medicare that looms on the horizon. I think there's just a few years left before we have to start borrowing to pay for senior's and disabled healthcare.
Of course we want to fix SSI. . .because it doesn't need any fixing. Anyone claiming to fix it (Conservatives, George Bush) would get credit like the rooster taking credit for the dawn.