Social Security in the red this year
http://www.washingtontimes.com/news/2010/aug/5/social-security-red-first-time-ever/
Social Security will pay out more this year than it gets in payroll taxes, marking the first time since the program will be in the red since it was overhauled in 1983, according to the annual authoritative report released Thursday by the program’s actuary.
Under Obama, Social Security has become insolvent six years ahead of schedule. And he has the effrontery to denigrate Republicans over it? Please.
Should’ve been PRIVATIZED in 1983.