Originally posted by sh76
The Social Security Administration projects that Social Security will deplete its trust fund in 2033. After that, retirees would only receive 75 percent of promised benefits without any current changes to the system.
EDIT: From that article:
Two weeks ago while speaking via satellite to the AARP convention in Virginia, Obama revived a 2008 campaign proposal to have workers pay Social Security taxes on up to $250,000 of income. Currently, only the first $110,000 of income is taxed.
How much would that change alone reduce any projected shortfall?