One year = $600 billion

Everything you need to know about the failure to reform Social Security can be found in this section of the Trustee’s report:

Over the 75-year period, the Trust Funds require additional revenue equivalent to $4.6 trillion in today’s dollars to pay all scheduled benefits. This unfunded obligation is $600 billion higher than the amount estimated last year.

That’s “additional” as in additional massive payroll taxes on top of the 12.4% that workers are already paying, a tax that has risen so relentlessly that 74% of Americans now pay more in payroll taxes than income taxes. But, by all means, let’s wait another year.

Extra – Captain Ed: “Did we say ‘I told you so’ yet?”

And this – Nice comment from this Q&O post: “When Social Security finally crashes, the SOTU address moment where the Dems wildly applauded doing nothing will be played over and over and over again.”