Wednesday, January 26, 2011

Social Security fund now seen to be empty by 2037

The Seattle Times reports:
Sick and getting sicker, Social Security will run at a deficit this year and keep on running in the red until its trust funds are drained by about 2037, congressional budget experts said Wednesday in bleaker-than-previous estimates.
Yet, Barack Obama doesn't want to means test Social Security. Welfare for Warren Buffett because he needs it!