Paul Krugman explodes the myth that Social Security will be in trouble or will be a problem for the federal budget. The boomer fix is in. Middle and lower income folks have been paying higher FICA taxes for a few years building up a surplus. That surplus is held in treasury bonds. As those bonds get cashed to pay for the boomer benefits taxes collected from high income folks will provide the needed cash. All those folks raising alarms about it are simply trading in manure.
Update: It would be interesting to press those who wish to do away with Social Security on what exactly do they propose as an alternative. Not one of them will be better, most of them worse.
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