Over the next 75 years, Social Security is scheduled to pay out $134 trillion more than it will collect in tax revenue - about $8.6 trillion in present value

As millions of baby boomers flood Social Security with applications for benefits, the program's $2.7 trillion surplus is starting to look small.

Republicans are calling it "Taxmageddon," the big tax increase awaiting nearly every American family at the end of the year, when a long list of tax cuts are scheduled to expire unless Congress acts.

Mitt Romney has swept all the delegates in the Kentucky and Arkansas primaries, putting him within one win of claiming the Republican nomination for president.

An aging population and an economy that has been slow to rebound are straining the long-term finances of Social Security and Medicare, the government's two largest benefit programs.

That didn't last long. About 55 million Social Security recipients will get their first increase in benefits next year since 2009 a 3.6 percent raise. But higher Medicare premiums could erase part of it.

Some 55 million Social Security recipients will get a 3.6 percent increase in benefits next year, their first raise since 2009, the government announced Wednesday.

Social Security recipients will get a raise in January their first increase in benefits since 2009.