Social Security In The Red Since the late 1960's, Congress has unified Social Security taxes with other revenues. This has provided a significant source of cash to spend on other things. That gravy train has ended according to thoughtful blogger Bruce Krasting.
There is enough published information from the SSTF to make some observations for the first six months of 2010. The data on FICA/SECA tax receipts and benefit payments: (all amounts in $billions)
