This excerpt originally appeared in Deseret News on September 08, 2012.

Blahous uses figures and charts to argue that even the toughest solutions proposed today no longer will work. “Individuals now planning their financial futures, whether as taxpayers or as beneficiaries, should be pricing in a substantial risk that the federal government will not be able to maintain Social Security as a self-financing, stand-alone program over the long term,” he wrote. “If Social Security financing corrections are not enacted in 2013, or at the very latest by 2015, it becomes fairly likely that they will not be enacted at all."