[Uncle Chip]

When taken as a whole Social Security is at least 2.2 Trillion in the red.

If by in the red you mean 2.2 Trillion invested in the bonds of a government that is 17 Trillion dollars in debt and can't stop spending -- yes.

[SecondAmendment]

Yep, just think about how criminally insane this is:
Social Security sells it monthly surplus via special treasury only bonds to the treasury (ie itself) who cannot possibly redeem the bonds once mature.