Opinion Columns & Blogs

Social Security already running low on funds

Here is an example of how Bernie Sanders has pulled the Democratic Party to the left: Hillary Clinton and President Obama (who previously backed reforms to Social Security to extend its solvency) now both support expanding Social Security benefits. But the latest report from the Social Security trustees shows that the retirement plan is already paying out more in benefits that it receives in payroll taxes and that the trust fund will be depleted by 2034. – Phillip Brownlee