We have seen the future, and it sucks.

Social Security’s Disability Trust Fund Could Fail to Cover All Benefits Early as 2016

27th January 2013

Read it.

Over the long term, Social Security and Medicare have promised tens of trillions of dollars more in benefits than the nation can pay for under current policies. But Social Security’s disability trust fund is in even worse shape, and current estimates say by 2016 it won’t have enough money to pay full benefits.

“That’s three years from now,” Jim Capretta of the Ethics and Public Policy Center said. “And given the president’s rhetoric and his posture, it’s quite clear that he has no intention of doing anything about it.”

The problem with socialism is that eventually you run out of other people’s money.

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