"The Congressional Budget Office is projecting that Social Security will pay out more in benefits than it collects in taxes next year and in 2011, a first since the early 1980s, when Congress last overhauled Social Security.

Social Security is projected to start generating surpluses again in 2012 before permanently returning to deficits in 2016 unless Congress acts again to shore up the program. Without a new fix, the $2.5 trillion in Social Security's trust funds will be exhausted in 2037. Those funds have actually been spent over the years on other government programs. They are now represented by government bonds, or IOUs, that will have to be repaid as Social Security draws down its trust fund."[/quote]


Too many people think the SS "trust fund" actually has real money in it. This is just another example of the federal government's shell game with tax dollars. They (it?) reminds me of Wimpy from Popeye trying to money borrow for a burger today that he will "gladly repay" later.

Speaking from a purely financial point of view, is there a sane person amongst us that actually thinks ObamaCare would really be "deficit neutral", "pay for itself" or any other of the rosy $$ projections of ObamaCare supportors? If so, I have a bridge for sale. . .