There is no such thing as a social security trust fund. The government uses that money to fund other programs and puts IOUs in there; that means when more are receiving than contributing there will be a massive tax burden on those contributing they get hit with both their normal SS tax, plus the taxes to cover the shortfall.
If there's no such thing as a social security trust fund --- in which case, Reagan and Greenspan's baby boomer FICA tax hike was a huge scam --- then there's no social security crisis. There's just a general budget issue. But in the general budget, Social Security is dwarfed both by other entitlement programs and by a host of other programs.
If you don't believe in the Social Security trust fund, then we should be discussing Medicare. Or out-of-control defense spending. Social Security is irrelevant.
Defense spending is a lot, but it is actually one of the few things that the federal government is supposed to do and it's only 20% of the federal budget whereas medicare and ss are at 60%
That's not true. The OMB's own figures put Social Security at 20%, and Social Security is funded by a dedicated tax. Medicare is a much bigger problem.
Budget comparisons are also subject to both chicanery (playing around with what you consider a defense expenditure) and bias (Social Security is the largest monolithic expenditure in the budget, just like MadMenSeries2.mp4s.zip is the biggest single file on my filesystem, but a small fraction of what I'm spending my disk on).
I will admit that the numbers can be juggled around quite a bit; but from most charts SS is 20% & medicare/medicate/etc are about 40% dod is about 20..
the fact that SS is funded by a dedicated tax doesn't have any relevance.