The Default of Social Security: How the Government is Secretly Pilfering Your Retirement

Social Security ran a deficit of $71 billion in 2013. This was the fourth year in a row in which Social Security paid out more than it collected.
A recent piece by the Heritage Foundation states that the Social Security Trust Fund (which includes Social Security and disability) will be out of money by the year 2033.
These deficits came on a lot faster than what had been predicted several years ago. The major downturn in the economy in 2008 led to higher government expenditures and lower tax collections.
Imagine how bad the Social Security deficits will be if we see another major downturn.
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