Broke by 1988

It's interesting that in 1978 George W. Bush was already giving speeches predicting the demise of the current Social Security system within 10 years:

Social Security "will be bust in 10 years unless there are some changes," he said, according to an account published the next day in The Midland Reporter-Telegram. "The ideal solution would be for Social Security to be made sound and people given the chance to invest the money the way they feel."

Comforting to know that some things never change.