The future of the social security program is worse than you think.
For the first time in more than a quarter-century, Social Security ran a deficit in 2010: It spent $49 billion dollars more in benefits than it received in revenues, and drew from its trust funds to cover the shortfall. Those funds — a $2.7 trillion buffer built in anticipation of retiring baby boomers — will be exhausted by 2033, the government currently projects.
And this is from the New York Times, of all places! Of course, as soon as any politician suggests instituting any of the reforms suggested in the article the Times will then start screaming bloody murder in protest. They are very good at appearing nuanced and thoughtful about the debt, until someone actually suggests doing something about it.