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Social Security in the red this year - Washington Times

Treasury Secretary Timothy Geithner, second from right, speaks about the Social Security and Medicare Trustees Report, Thursday, Aug. 5, 2010, at the Treasury Department in Washington. Joining him, from left are, Social Security Administration Commissioner Michael J. Astrue, Labor Secretary Hilda Solis, and Health and Human Services Secretary Kathleen Sebelius. (AP Photo/Charles Dharapak)
"Social Security will pay out more this year than it gets in payroll taxes, marking the first time since the program will be in the red since it was overhauled in 1983, according to the annual authoritative report released Thursday by the program's actuary."

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