Don't look now, but Social Security is in the red

For the first time in 25 years, Social Security is spending more in benefits than it's taking in in tax revenues.

This as we Baby Boomers begin to retire in large numbers.

As somebody who's only five and a half years away from getting it, this news makes me more than a little nervous, especially given the current state of the economy and especially the deficit. A bailout may well be necessary which we can afford neither to give nor to withhold.

HT: Drudge