This is the second of a two-part series about Social Security. My previous column discussed the reasons why we are facing Social Security insolvency in 2032 and the resulting 22% benefit reduction. This column reviews the difficult choices Congress must make to remediate the problem. 

In 2011, I attended a conference where Alan Greenspan was a featured speaker. 

Back then he said Congress has made a lot of promises to the American people that it will not be able to keep. He speculated that by 2020, America would have to face up to those problems. 

That decade has come and gone and we have yet to face those problems because the solutions are all painful. Greenspan did not consider the implications of labor-replacing technology when he made those remarks because such technology did not exist at that time. 

So far, Congress has not come up with much of a solution. 

Congress loves to appoint blue ribbon committees to conceive solutions that are largely ignored because they are too painful to implement. 

Eventually, Congress must act because the continued underfunding will result in an eventual exponential explosion of our unfunded Social Security debt.  

In 2018, the board of trustees of the Federal Old-Age and Survivors Insurance issued a........

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