When the baby-boomer generation finally hits retirement age, there will be too many of them for the system to support. The numbers of workers will decrease while the numbers of retirees will grossly expand. The working population will not be able to subsidize the Baby-Boomers' benefits. It is said that demographics are destiny, and nowhere is that more true than in this retirement program. In 1950 there were 17 workers for every retired person.
Today there are three.
By 2030 there will be just two. That may be fine with Dick Gephardt, but it's liable to unleash generational warfare when the MTV generation learns the unhappy truth. The longer we stay dormant, the more the problem with Social Security keeps on growing. Every year we spend more money on Social Security. When the boomers generation finally reaches retirement age, my generation will be screwed.