Social Security's Surplus Disappearing Fast in Downturn
"Federal budget worrywarts (myself included) have been fretting for years about the arrival of the Dread Fiscal Year 2017, when Social Security was projected to start becoming a drag on federal finances.
Well, no need to worry about 2017 any more. Thanks to the worst economic downturn since the 1930s, the moment of reckoning is already almost here: According to both the budget proposed by the White House in February and projections issued by the Congressional Budget Office (CBO) in March, Social Security benefits ($659 billion, according to the CBO) will exceed payroll taxes ($653 billion) in fiscal 2009 for the first time since 1984."
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