Day: March 27, 2010

The Social Security Fantasy

Ah, yes, Social Security. The third-rail of American politics—any politician who tries to change it dies politically. It’s almost taken on a sacred nature to some people. Well, their sacred idol is about to tumble. Lost in the mass of coverage on the healthcare bill was the news that this year—2010—will mark the first year when Social Security will take in less than it pays out. In other words, it has officially become insolvent. It will keep on running for… Read more »