****For the first time since Social Security’s cash crisis in 1983, the program can’t afford to pay full benefits for its youngest crop of new retirees through life expectancy, government data show.****
But, but the SS system was supposed to NEVER go dry! Here is the promise from 1964!
http://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.
Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
Don’t you love how they call taxes “contributions”? Kinda like how the Germans told certain guests of the government “Arbeit macht frie.”