earlier SS depletion date

[Danzig]

trustees revamping the date, now three years sooner. well, yeah! how long now has the 'payroll tax' cut been on the books? less people employed, the people still employed paying lower amounts into the fund, of course it'll go bust earlier. it's not rocket science.

http://nbcpolitics.msnbc.msn.com/_ne...tion-date?lite


The trustees said that to keep the Social Security trust funds solvent over the next 75 years, Congress could take a number of steps:

•increase the payroll tax rate from its current level of 12.4 percent to 15.01 percent;
•reduce benefits by 16.2 percent;
•find alternative sources of revenue;
•adopt some combination of these approaches.