http://news.yahoo.com/....
The year that SS is supposed to exhaust its trustfund, and in turn cut benefits so that you receive only 70%-80%, has been pushed back for the SECOND STRAIGHT YEAR. In 2004, the report said that the date was 2042. Last year, in the midst of Bush's "bomboozle-palooza" for privatizing Social Security, the the SSA changed the year to 2041 9which, FYIm, is the worst-case scenario year.)
http://money.cnn.com/.... /
This year, Bush and Congress failed to reach a deal on appointing new trustess, so Bush simply gave a recess appointment (gee, there's a surprise) to the old ones, whose terms expired this year. Even Grassley is upset about this:
http://desmoinesregister.com/....
It should be noted that the two trustees did consulting working for the Treasury Department, and according to the administration and Grassley, they were paid only for travel (well....Keep skeptical about that.) Also, since their terms expired last year, they have not overseen the finer details of the report, according to the New York Times:
http://www.nytimes.com/....
....Also, could someone find out for me which Social Security board is packed with privatization supporters? I'm not sure if some of the permanent trustees are privatizers, or if it is the Social Security Administration (SSA.)