Reply #59: Also, Rueters - Bush Paints Dire Picture of Social Security Future

[Synnical]

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7295971

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The president used the word "bankrupt" five times to raise alarms about the finances of Social Security decades into the future.

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To try to make his case that Social Security is in peril, Bush focuses on two dates, 2018, when the amount of money paid out in Social Security begins to exceed contributions, and 2042, when the Social Security trust fund is expected to run out of accumulated cash.

But some critics say the use of the word "bankrupt" exaggerates the problem because even under more pessimistic scenarios, workers and employers still would being paying taxes into the system and benefits, although reduced, would still be paid.