Nancy Pelosi Says Social Security Cut Proposed By Obama Would 'Strengthen' Program

The Social Security Trust Fund has been around for about 70 years.It's at an all-time high of over $2.5 trillion dollars.

Social Security has been tweaked many times to keep it in balance.  If we do nothing the Trust Fund will run out in about 2035.  But Social Security would not be bankrupt.  Its continuing payroll contributions would still pay about 70% of legally required benefits.

In 1983, the Trust was a few months from running out of money when Greenspan fixed it. That was 100 times closer to a crisis then now, and no one even remembers.  That fix was good for over 50 years, and we've got about 25 left to go.

The fix is very simple: Lift the cap.
Read the Article at HuffingtonPost