By George F. Smith
October 10, 2026
This should surprise no one: The Social Security Trust Fund is expectedto run dry by 2032, at which point benefits will be slashed or taxes increased. Since slashing benefits is political suicide, we can expect Congress to swing into action as the perennial champion of a politically powerful voting bloc.
Like government as such, Social Security is akin to the "Too Big To Fail" mantra that powerful banks have secured for themselves.