Despite troubled economy, its trust fund should still be able to meet pension payments for another 30 years.
The plan, projecting a $1.7 trillion deficit, includes a down payment on universal healthcare.
His national address Tuesday was part acknowledgment of the grave economic challenges, part pep talk.
A likely topic in his address Tuesday, the long-term budget gap is largely caused by popular entitlement programs.
Readers write about whether the US economy will do better if its left alone, and why Africa needs property rights laws as well as enterprise.