"Today, the Social Security Trustees released their 2011 report on the financial status of both Social Security and Medicare. The reports make clear that both programs are on unsustainable paths, and reforms will be necessary to make them solvent. This analysis focuses on the financial status of Social Security."
Get Ready For A Poisonous Social Security Report
"Assuming that no white knight (aka NJ Gov. Christie) enters the scene for the Republicans, this fall will be a race between Mitt & 'O.' I’ve listened to them discuss their views on a hot button of mine, Social Security.
Not surprisingly, both sides have dodged this issue. They say we need adjustments and refer to the 'need' to extend the retirement age. They also agree that some adjustments in the Cost-Of-Living (COLA) should be considered. Extending the retirement and COLAs would be implemented over twenty years they claim. These are 'kick the can' (far) down the road strategies. Those who are under 50 today would feel the consequences.
You can't blame the politicians for wanting to duck this issue. There is a monster block of voters (primarily the Boomers) who would love to see a plan for SS that pushed things out by fifteen years. If SS became a real topic in the election, it could potentially throw the vote one way, or the other.
The fact is, the next president will be forced to make major changes to Social Security. Ironically, the Social Security Trust Fund might be responsible for tossing SS into the political debate."
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