Social Security's looming crisis is political, not economic

There are few traditions in American politics as cherished as the semi-regular panic over Social Security. There are equally few that are such utter balderdash on the economic merits. The latest example of this time-honored practice comes to us courtesy of The New York Times. "Social Security's so-called trust funds are expected to be depleted within about 15 years," the outlet warned this week. "Benefit checks for retirees would be cut by about 20 percent across the board." The cuts...