"Social Security, which referred to the looming crisis as a 'silver tsunami,' is facing enormous financial pressures from the generation born in the aftermath of World War Two. The latest report by the program's trustees said by 2017, Social Security will begin to pay more benefits than it receives in taxes. By 2041, the trust fund is projected to be exhausted.
"Lawmakers have been talking about fixing the problem for years, but failed amid partisan bickering over a plan by President George W. Bush to partially privatize Social Security."
Not from The Onion.
And P.J. O'Rourke shares his opinion about this in The Weekly Standard.
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