Social Security is a Pyramid Scheme p.3

As we get closer and closer to 2016, more and more articles like these will exponentially appear.  This is from Businessweek, not the Berkeley Daily.  Alarmingly,

This [Social Security funds] amounts to funding your IRA by filling a cookie jar with IOUs from yourself. The stream of revenue is real, but the IOUs are at best only a moral promise to keep paying benefits, which arguably will still exist after the trust fund runs out.

FEARS ARE WARRANTED
However, it's impossible to turn the estimates into good news even with the lowest plausible projections of cost escalation. If anything, the trustees' estimates look too optimistic, as they traditionally have been. Raising the age of eligibility seems even more of a nonstarter for Medicare than for Social Security.