Harry Reid: No Problem With Social Security System

CNS reports that Senate Minority leader Harry Reid thinks Social Security is just fine:

Medicare's trust fund will be exhausted in 12 years, two years sooner than an earlier forecast projected; and Social Security's trust fund will dry up in 34 years, one year sooner than projected, trustees for the programs said in an annual report released Monday.

According to USA Today, the trustees' report shows that both programs are in "serious financial trouble," but that's not what one Democrat leader is saying.

In a statement released Monday, Senate Minority Leader Harry Reid (D-Nev.) said the trustees' report "confirms that, despite White House scare tactics, Social Security remains sound for decades to come."

According to Reid, "The real threat to Social Security comes from Republicans, most of whom support and voted for privatizing Social Security."

It's easy for Reid to say that because he probably will not be in the Senate decades from now.