How ironic that, even as the Senate last week debated the reconciliation "fixes" to ObamaCare, word came that Social Security has reached the so-called tipping point -- years ahead of schedule.
For the first time, Social Security will pay out more in benefits than it receives in tax revenue, to the tune of $29 billion.
The reason: Continued high unemployment means there are fewer paychecks from which to deduct Social Security taxes. Meanwhile, many who can't find work are applying for benefits much earlier than they'd planned.
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