Why Social Security is in the worst crisis since its 1935 founding, and what you can do about it

Hint: Not because it’s running out of money, nor fraud, nor administrative costs.

Friends,

Financial services executive Frank Bisignano, Trump’s pick to become permanent commissioner of Social Security, faced lawmakers this morning in a Senate confirmation hearing. He “guaranteed” senators that he would not seek to privatize the program.

Yet almost every lawmaker on Capitol Hill knows that Social Security — the federal agency that del…