The Congressional Budget Office is projecting that Social Security will pay out more in benefits than it collects in taxes next year and in 2011, a first since the early 1980s, when Congress last overhauled Social Security.
During President Bush's 2006 State of the Union address he said, "Congress did not act last year on my proposal to save Social Security." Democrats including Barack Obama applauded this remark.
Democrats Applauding Their Own Obstructionism
Senator Obama applauds failure of Social Security reform.
Hat tip NewsBusters.