Here is the real problem with Social Security

In 2002 the Social Security Trustees explicitly called on Congress in their report summary to act sooner rather than later fixing SS funding

They emphasized that taking early legislative action would allow changes to be phased in gradually and give workers time to adjust. They issued the same warning in every report since.

For twenty four years Congress and each administration has ignored those warnings.

Those trustees reports were signed by the Secretary of the Treasury, of Labor and Health and Human Services of each administration.

Despite the legal requirement, no public trustees have been appointed since 2010  This public oversight has simply been ignored because the law does not provide any penalties if it is ignored.