Fox Business Host Falsely Claims Baby Boomers Will “Bankrupt” Social Security “In A Couple Of Months”
Published
Fox Business host Andrew Napolitano falsely claimed that the retirement rate of baby boomers is “going to bankrupt the [Social Security] system in a couple of months.” In fact, the level of Social Security revenues and benefits were specifically modified in 1983 to account for baby boomers' retirements, and the program is projected to remain completely solvent and pay full benefits until 2037.