In the year 2037.....

If man is still alive,
If woman can survive,
they may find...

No Social Security.

That's the new projected bankruptcy date for Social Security, as the program currently stands. It's no great surprise to anyone who has watched his or her 401(k) accounts plummet that Social Security is drying up sooner than previously predicted. And Medicare...well, forget about it...that program flatlines in 2017 according to government actuaries.

So eventually, our elected officials will have to deal with this issue (again). And at least some portion of this social promise will also have to be broken, perhaps with delays or reductions in planned benefits, plus increases in payroll taxes.