A report from the Congressional Budget Office shows that for the first time in 25 years, Social Security is taking in less in taxes than it is spending on benefits.
The signs of stress are building.
Instead of helping to finance the rest of the government, as it has done for decades, our nation's biggest social program needs help from the Treasury to keep benefit checks from bouncing -- in other words, a taxpayer bailout.
Be wary of optimistic economic assumptions that suggest the worst is behind us. A disillusioned public can turn optimism into pessimism very quickly.
Source: finance.yahoo.com
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