The Bush administration is the first in 70 years to oversee a net loss of private sector jobs, according to Paul Craig Roberts, of all people, Assistant Secretary of the Treasure in the Reagan administration.
Now he says, "Every dime that goes in from payroll taxes is spent. It's spent on retirees, and if there's excess, it's spent on government programs.” “There is no trust."
But all we really need to do to fix it is tax the rich.