"...where will the Govt come up with the Trillion dollar HOLE that will create in the cash-flow to pay current recipients and also the first wave of Boomers soon to retire?"
well they are talking about that - thats the $1-2T hole, i guess, that they always mention, for the next 10 years. i just don't see why this helps *after* that 10 years ... i suspect the math must change, meaning that "younger" workers now, who'll retire in 10 years, will start getting reduced payments, under the assumption that they've had 10 years putting 1/3 in private accounts and they've been getting 7% returns on those ...
otherwise, i don't see how this fix is a fix: it just creates a permanent hole, even if future payments were reduced by 1/3. it would have to be significantly more than that
