Any conversation about Social Security reform must begin with hard facts: On the current track, U.S. federal income will be insufficient in 2025 — a mere 13 years from now — to pay for Medicare, Medicaid and Social Security and interest on the debt. All other spending, for defense, medical research, highways, education, energy, you name it, would have to be paid for with borrowed money. Conclusion, federal revenues must rise and spending on these major entitlements must fall.
Facing these painful, but very well-known facts, Congress has cut revenue…
