Government Analyzes 30 Social Security Changes (U.S. News & World Report)
U.S. News & World Report - Benefit payments from the Social Security trust fund exceeded tax income and interest for the first time in 2010, according to Congressional Budget Office calculations released on Friday. As the economy recovers from the recession, income will again exceed benefit payments until 2016. After that, Social Security payments to retirees will begin to draw on the trust fund's reserves. Beginning in 2039 benefits will need to be cut by about 20 percent, under current law.