Reply #69: http://www.cbpp.org/1-11-05socsec.htm

[visceral]

Pay close attention to the figures. If you define bankrupt as I do (paying out more than you are taking in) then in 15 years if nothing is changed US Treasury Reserves will have to be used to supplement payouts. But payouts will only be funded at 70% or 80% of your contributions. That's 70 or 80 cents on your dollar - losing money. In the real world we call that Bankrupt.