Depending on who you talk to, the future of Social Security is either in the toilet or completely salvageable, so who do you believe?
The U.S. Social Security Administration’s 2012 annual report for Social Security reiterated what the report has said for two years, that the program “cannot sustain projected long-run program costs under currently scheduled financing, and legislative modifications are necessary to avoid disruptive consequences for beneficiaries and taxpayers.”
House Speaker Thomas "Tip" O'Neill, right, leans forward to ask President Ronald Reagan a question during the Social Security bill signing ceremony on the South Lawn of the White House in April 20, 1983, with Alan Greenspan, head of the president's Social Security task force and Sen. Bob Dole, R-Kan. (AP Photo/Barry Thumma)
Former President George W. Bush also attempted to tackle the Social Security question, but got burned in the process. (AP Photo/J. Scott Applewhite)