As pretty much anyone and everyone who's paid any attention to the news for the past generation knows, Social Security, as it is currently configured, is going to run out of money. It's simple math. But it has always (to a great many people) seemed like a distant prospect, not something that demanded to be dealt with right now.
For decades and decades, the program has muddled along, with a few tweaks here and there, running a surplus of funds paid it by workers versus benefits paid to retirees. And, of course, the federal government "borrowed" those surpluses from the Social Security fund and spent them on just about everything else under the sun. Which means there has been an ever growing IOU in the "trust fund". Couple this with the beginning retirements of baby boomers, and many people have pointed out that it's going to be a problem sooner rather than later.
Well, guess what? That day of reckoning is here. Via USA Today: