zerohedge
by Bruce Krasting
February 10, 2013

Every politician in America knows that Social Security (SS) is a third rail. Any Pol who tries to mess with the country's largest and most popular entitlement program is going to have the likes of the AARP coming after them. It's not possible to win an election on a platform that advocates cutting back SS.

With that in mind, I find it interesting to report that a very credible source is now predicting that Obama AND Congress will take action over the next 24 months that will substantially undermine both the long and short-term health of SS. The legislative raid on SS will certainly total in the hundreds of billions, it could top $1T over the next fifteen years.

(excerpted)
http://www.zerohedge.com/contributed/201...social-security

Unfunded liabilities will kill us because we are broke today, never mind in the future where the can lands every time the politicians kick it down the road for their job security.