Social Security Is in Far Worse Shape Than You Think

For years, politicians and policymakers have reassured the American public that the Social Security system, which sends monthly checks out to 53 million beneficiaries, is safely solvent -- and will be for decades to come. But federal spending and income data from the Treasury Department reveal that the Social Security program is already deep in the red, with outlays exceeding payroll tax revenues by $76 billion in 2010 alone.

http://www.dailyfinance.com/story/retirement/social-security-far-worse-shape-than-you-think/19804267/?icid=maing%7Cmain5%7Cdl3%7Csec1_lnk3%7C37184