Obama Team Accelerates Demise of Social Security

[From article]
in 2010, President Barack Obama ensured the worried audience that “Social Security is not in crisis.” Obama was wrong.
Not only is Social Security in the worst shape it has ever been in, a recent Congressional Budget Office (CBO) report reveals the problem has grown significantly worse under the Obama administration.
[. . .]
slow demise of Social Security trust funds should surprise no one, but what is disturbing is the rate at which the CBO’s projections for Social Security’s survival has dropped under Obama.
[. . .]
The 13-year decline in CBO estimates for Social Security’s viability from 2009–2014 under the Obama administration represents a major failure by the president to solve -- or even mitigate -- a crisis everyone knew was coming.
“We’re going to have to make some modest adjustments in order to strengthen [Social Security],” Obama said in Ohio in 2010, but rather than strengthen the system, the president’s economic policies have contributed to its downfall.
Since his inauguration, Obama has implemented countless destructive taxes. In fact, taxes have risen faster under Obama than they have under any other president since the end of World War II.

http://www.americanthinker.com/blog/2015/01/cbo_report_social_security_going_bankrupt_faster_under_obama.html

January 14, 2015
CBO Report: Social Security Going Bankrupt Faster under Obama
By Justin Haskins