The Goverment kept borrowing from SS because there was a surplus of money. They did not put it back.Now there is not enough money to pay the people that depend on it to live. They better find the money to help these older people out. Or do the not just care about the older people any more.
Full Story at msnbc.com
The bursting of the real estate bubble and the ensuing recession have hammered jobs, home prices and now Social Security.This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.