Social Security Payments to Go Paperless Beginning May 1
Social Security checks are going paperless beginning May 1, as the U.S. Treasury Department retires paper checks for electronic payments.
Currently, 11 million people still get government checks in the mail.
http://www.foxnews.com/politics/2011/04/22/social-security-payments-paperless-beginning-1/#content
CBO: Social Security Now Officially Broke
Today’s CBO report has some bad news about the deficit. But CBO has some really, really bad news about Social Security: It’s officially broke.
The CBO’s revenue/expenditure estimates now place the program in permanent deficit. There had been some hope that payroll taxes would recover sufficiently post-recession to put the program back into the black (the theoretical black) for at least a few more years. The new CBO estimates puts the fictitious Social Security “trust fund,” in the red for as far as the eye can see. If you compare the program’s tax income to its benefit outlays, without the “interest” owed, as CBO does, what you get is deficits from this year forward to 2021.
http://www.nationalreview.com/exchequer/258075/cbo-social-security-now-officially-broke