Social Security Woes Overhyped

Anthony Weiner writes for Politico, “That’s because Social Security is funded through a payroll tax. It brings less money in during recessions — particularly one as pronounced as this current economic crisis. Once the economy begins to recover and people get back to work, revenues are sure to rebound. Then we can put money back into the trust fund surplus — ensuring that Social Security will be there for generations to come. Concerns that the baby boomer generation would push us off a demographic cliff have also been overstated.”