"...Social Security’s bank account will go bust in 2022 — the first time the program’s combined trust funds will run a deficit, according to President Obama’s budget released Monday...
Social Security has taken in less in taxes than it has paid out in benefits since 2010, but the shortfall has beenmade up as the government has dipped into IOUs left in the trust funds from previous years.
Monday’s numbers, though, show the combined trust fund itself will run a deficit of $2.6 billion in 2022..."
Read more at washingtontimes.com
