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CHANGE: CBO predicts Social Security cash deficits in 2010-11. ?Just last year, the CBO ? under ?

By Glenn Reynolds

CHANGE: CBO predicts Social Security cash deficits in 2010-11. “Just last year, the CBO ? under the direction of Peter Orszag, now budget director in the Obama administration ? claimed that the first cash deficits in Social Security would not come until 2019. Now, however, the CBO has determined that Social Security will run cash deficits next year and in 2010, and by 2017 will be more or less in permanent deficit mode. . . . The situation at Social Security is much worse than this administration and Democrats in Congress want to admit.”

Full post as published by Instapundit.com on September 22, 2009 (boomark / email).