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Panic! Lose your minds! And above all .... Privatize! Privatize! Privatize! Because the entire Social Security system is about to crash and go belly up!
Except that it’s not.
Here’s our expert, Nancy Altman, in her sensational debunking book from 2005, The Battle for Social Security: From FDR's Vision To Bush's Gamble, discussing the 1980 panic over the future of the program and the use of the “bankruptcy” scare, the same zombie scare that's rearing its head again today: Daily Kos: State of the Nation