First They Took Our Wages, Now They Want Our Social Security

First They Took Our Wages, Now They Want Our Social Security

Photograph Source: j4p4n – Public Domain There is now a bipartisan consensus that Social Security faces a serious crisis, and something has to be done. That “something” almost always involves a large cut in benefits. There is some truth to this story. On its current path, the Social Security Trust Fund will only be able to pay a bit less than 79 percent of scheduled benefits by 2033. The standard story puts the problem as too many baby boomers b…