Social Security to See Payout Exceed Pay-In This Year

"Analysts have long tried to predict the year when Social Security would pay out more than it took in because they view it as a tipping point — the first step of a long, slow march to insolvency, unless Congress strengthens the program’s finances."

Read the full article at; Social Security to See Payout Exceed Pay-In This Year

<Our Take>

Social Security is part of the "Unfunded Liabilities" the United States will have to pay in the future. These programs are a major reason why the true US debt is many times bigger than reported in mainstream .  This in turn is one of the major reasons for investing in precious metals as the confidence in the USD falls. 

If you have not done so, take a look at IOUSA the documentary for a good overview of the US financial standing.