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Trustees of the U.S. Social Security program just issued their annual report. Each year, the program’s solvency picture remains poor. But this year it’s even worse.

PARKER: Americans should be free to stay in or opt out of Social Security Back to video

Rather than falling short in 2033, as reported last year, the shortfall is projected for late 2032 this year. That’s six years from now.

Without action taken, benefits, per the report, will be cut 22% late in 2032.

That means that every young working person is now forced to pay, by law, 12.4% of their pay — half paid by them and half paid by their employer — into a bankrupt system.

As I recall, this is a free country. So, the fault is ours. We, the voters, sit by and allow this to be done to us.

Even if the system was not broken and could pay benefits as promised, it still is a horrible situation.

Oldest, largest federal program

The Committee to Unleash Prosperity has........

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