ML-Implode News - Social Security Ran $47.8B Deficit in FY 2012; Disabled Workers Hit New Record in December: 8,827,795

The Social Security program ran a $47.8 billion deficit in fiscal 2012 as the program brought in $725.429 billion in cash and paid $773.247 for benefits and overhead expenses, according to official data published by Social Security Administration.
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for every 1.67 Americans who worked full-time in the private sector in 2011, there is now 1 person collecting benefits from the Social Security administration.
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The last time the Social Security program ran a "net cash flow" surplus was in fiscal 2009. In that year, Social Security's revenues exceeded its benefit and overhead payments by $19.358 billion. In fiscal 2010, Social Security ran a $36.8 billion deficit; and, in fiscal 2011, it ran a $47.975 deficit.

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Social Security Ran $47.8B Deficit in FY 2012; Disabled Workers Hit New Record in December: 8,827,795