Don’t Look Now, But The Social Security Crisis Just Started

From CNN Money:

Don’t look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system.

A report from the Congressional Budget Office shows that for the first time in 25 years, Social Security is taking in less in taxes than it is spending on benefits.

Read the rest at The Deal –>

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See Also:

• Deflation Means No Cost-Of-Living Increase For Social Security Recipients
• CHART OF THE DAY: When Social Security Runs Out
• Tax Revenues Collapse! Medicare And Social Security Going BUST