CNN Money: don’t you worry your poor little head about Social Security!

This seems pie-in-the-sky optimistic, but there’s probably a good reason.

First, the article. CNN Money says there’s no need to worry about Social Security:

QUESTION 1: Can I count on Social Security to be there?

You can. Despite what you may hear about the system going broke, the funds from workers’ payroll taxes will cover all retirees’ payments until 2016 even if no changes are made to the current program.

You know that’s ony seven years from now. Right?

After that the Social Security Administration can cover full benefits until 2037 by cashing in its Treasury bonds from the Social Security trust fund.

I’ll turn 65 years old in 2034.

And when the bonds run out, income from payroll taxes would be enough to cover about 75% of payments for decades.

Well, there, you see? The old fogey demographic will be a lot smaller, with a lot less political punch, by that time, so nobody’ll care that we paid into the system our whole lives

And, plus, as I’m sure they noted in the editorial meeting when they decided to run this piece, by the time the Obama-Reid-Pelosi triumvirate gets done with us, we’ll be happy just to have a pot to pee in. So no worries!

UPDATE – In the comments, Neomom reminds me that I won’t be eligible for Social Security until I’m 67, in 2036. The year before those Treasury bonds run out.

Social Security: what a deal!