I'd like to clarify one point. That is the Social Security hasn't been pay as you go since a commission headed by Alan Greenspan put forward legislation to deal

I'd like to clarify one point. That is the Social Security hasn't been pay as you go since a commission headed by Alan Greenspan put forward legislation to deal with the baby boomers in the 80s. Under Reagan, Social Security went from pay-go to a trust fund. The social security crisis is not a matter of depleted resources in trust (some 2.4 trillion in 2009 - http://www.ssa.gov/policy/docs/statcomps/supplement/2009/4a.html http://www.ssa.gov/policy/docs/statcomps/supplement/2009/4a....), but a crisis of whether the US government will pay these Treasury Bonds at face value or not. The real crisis is the government not having the political will to tax in order to pay its debts. http://www.ssa.gov/oact/progdata/fundFAQ.html#n7 http://www.ssa.gov/oact/progdata/fundFAQ.html#n7