I obviously don't think it will end in 2016 -however I am not counting on it when I retire in some over 12 years.
The way it is set up - it is going to crash unless we jack up rates on the working people to an insane level.
I remember back in 1992, Mary Matalin had a cable show and she was saying about Social Security, "Oh, that? Nobody seriously expects that to be there when I retire". Obviously, she was way way off.
The fund is a little low because we are pulling out of a recession. Eliminate 11 Million Full Time jobs from 2008-9, and there goes a lot of money disappearing. With more and more Full Time jobs coming, that will correct itself somewhat, but we still might need to make adjustments in the cap, etc.