Actually full "retirement" has been 67 for some boomers for a while. It's a sliding scale, born after 1960 and it's something like 67 and 5 months, after 1962 it's 68 and 7/254ths of a month -- basically all kinds of government solution complexity. We've known about the Ponzi scheme for a long time. In 1981 Reagan tried to fix the system with a Democrat Congress and managed to get a Social Security Opt-out program implemented. Galveston County, TX was the only community in the nation that took that option (that I'm aware of) and they've done much better than the typical SS "beneficiary." GW Bush tried to address it in his second term and chickened out after two excruciating minutes. We've known that SS is going to collapse before we do, and quite frankly most of my peers aren't so PO'd about what will happen to us as they are the screw job that will hit our grandkids.
Now that we are aware of the scope of the fraud, the insolvency issue is clear. Politicians and bureaucrats should be going to jail for life. There are more penalties for robbing a lemonade stand.