If I don't die by Thursday, I'll be roaring Friday night.

You gotta love that first cup of coffee in the morning reading the headline:

"It's Even Worse Than You Think"

Were the federal government to account for its Social Security obligations under the rules of accrual accounting, which govern public companies, its financial outlook would be far worse. By the end of last year, the Social Security system owed retirees and current workers benefits valued at $14 trillion. The system's assets, in contrast, were only $3.5 trillion. These assets include not only the trust funds' current reserves ($1.4 trillion), but also the present value of the taxes that current workers will pay over the remainder of their working lives ($2.1 trillion).

In other words, the system's current shortfall — its assets minus its liabilities — is $10.5 trillion. Unless Congress chooses to rescind Social Security benefits that have already been earned, this shortfall must be shouldered by future generations. This implicit debt of the Social Security system is more than two and a half times larger than the government's public debt.

http://www.nytimes.com/2003/10/09/opinion/09JACK.html?th