Social Security broke in 26 Years (2037) Just In Time for My Retirement

I have already come to terms with that I will never see a return on the years of investment I have made into FICA. Since I was 14, I have paid into Social Security, begrudgingly. News today notes the Social Security trust fund will be totally drained in 26 years (2037), which is about the time I reach retirement age.

Social Security will run at a deficit this year and keep on running in the red until its trust funds are drained by about 2037, congressional budget experts said Wednesday in bleaker-than-previous estimates.

So not only is the system have an official crash date of 2037 now, our DC politicians are going to allow it to keep adding to the national debt for an additional 26 years paying out money it simply doesn't have until it's all drained. It's just sick.

The massive retirement program has been suffering from the effects of the struggling economy for several years. It first went into deficit last year but had been projected to post surpluses for a few more years before permanently slipping into the red in 2016

This year alone, Social Security will pay out $45 billion more in retirement, disability and survivors' benefits than it collects in payroll taxes, the nonpartisan Congressional Budget Office said. That figure nearly triples — to $130 billion — when the new one-year cut in payroll taxes is included.