A friend mentioned to me the other day something to the effect that Social Security is essentially failing and that it can’t be expected to be there in the future. This is a rather common perception, and often encouraged by the press, so it’s tough to fault anyone for this belief, but it’s basically completely untrue. Here’s Dean Baker.
The Congressional Budget Office projects the program to be fully solvent through 2049, more than 30 years after the latest date that the next president can leave office. Social Security is an issue like U.S. relations with Denmark, it’s not a problem, however much the Post might like to make it one.
Here’s the CBO’s report.