Social Security in the red this year -- Stephen Dinan, Washington Times

“Social Security will pay out more this year than it gets in payroll taxes, marking the first time since the program will be in the red since it was overhauled in 1983, according to the annual authoritative report released Thursday by the program’s actuary…”

See also:
Fannie Mae Seeks $1.5 Billion From U.S. Treasury After 12th Straight Loss — Lorraine Woellert, Bloomberg News
US Postal Service loses $3.5 bln in third quarter — Reuters

Does anybody see anything wrong with this picture???

Read the rest here.

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