In response to:

Social Security’s $30 Trillion Fiscal Time Bomb

Blair31 Wrote: Aug 14, 2012 6:45 PM
Ronald Reagan, George H.W. Bush, Bill Clinton, and George W. Bush, were more free market than Barack Obama. Social Security is broke. If it was a private system, it would be foisted off onto the PBGC. I'm all for telling Bernie Sanders, Vermont's Socialist Senator, screams "DON'T PRIVATIZE SOCIAL SECURITY!" Why not? We have a Hobson's Choice coming here. Either we raise taxes and cut benefits, or cut benefits and raise taxes, and that's not good. Private accounts would be a better choice. If they're good enough for Chile and Australia, they should be good enough for us.

I don’t give the issue much attention on this blog, but I’m very interested in Social Security reform. I wrote my dissertation on Australia’s very successful system of personal retirement accounts, for instance, and I narrated this video  below on Social Security reform in the United States.

So I was very interested to see that the Associated Press put out a story warning about the dismal state of the program’s finances.

Here’s some of what the