According to yesterday’s Investor’s Business Daily, the Congressional Budget Office reports that Social Security will show deficits in 2010 ($10 billion) and 2011 ($9 billion).  Keep in mind that according to Congress, fiscal 2010 arrives next month.  The article points out:

“It’s widely known that Social Security is headed for deep financial problems. But mainly because projections didn’t have the program running deficits until almost 2020, there’s been little urgency to make changes in the system.

“Typical. Politicians are generally inclined to avoid making decisions on such difficult issues. When President Bush proposed a partial privatization plan four years ago, Congress deferred because most members figured they wouldn’t be in office when the crisis hit. Rather than risk their prospects in the next election, they left the mess to the next generation.”

Frankly, I wouldn’t trust the current Congress to make any positive changes in the Social Security program.  The program needs to be overhauled and privatized.  Congress also needs to stop using the money collected in Social Security taxes for other things.  It is noteworthy that Congress opted out of the Social Security retirement program about the same time it started stealing from it.