So, the drumbeat of hysteria about social security in the MSM continues today with Allan Sloan in the Washington Post. He has an egregious column repeating with no criticism the forecasts of the intermediate projection of SSA Trustees, and pronouncing that doom will arrive when the fund starts to supposedly run a deficit in 2017. This is supposedly because (gasp!) paying the cashed-in assets from the trust fund will require funds from the general fund.
So, I shall only not two things. One is that in the last ten years the economy has outperformed the low cost projection, and the low cost projection has a deficit never appearing, no 2017 at all. The second is that medicare is already running a deficit, which is rapidly rising, and the earth has not stood still (or, maybe that is why Bear Stearns failed?). The fiscal problem the US faces is medicare, and medical care more broadly, not social security.