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Social Security’s Insolvency - An Essay
Columnist Alan Beideck, in a post on www.adirondackdailyenterprise.com, takes a look at the Social Security insolvency dilemma, boiling the matter down to a simple conclusion: “…future receipts/revenues of the program will not meet the program’s future expenses.” As he points out, the intervening years between 2019 and 2034–when the $2.9 trillion in Trust Fund reach zero–current beneficiaries can rely on cost-of-living adjustments to protect them to some degree from inflation, even though the insolvency looms on the horizon. Beideck’s article also offers conjecture on why legislative correction to ward off the future problems is not likely for the near term. Read his post here…
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