It really should come as no suprise that Paul Krugman is dishonest and misrepresents facts -- and John Hinderaker caught him at it.

Go back and look at the 1934 Commission's table projecting the number and percentage of retirees through the year 2000. The Commission projected the percentage of those over 65 to level off between 12 and 13 percent. Barnhart's point is exactly correct: the prospect of an America where 20% of the population is retired, and there are only two workers per retiree, was never contemplated when the Social Security act was adopted.

If you're under 40 years old and you're counting on Social Security for your retirement, you're a fool.