President Obama put Congress on notice Tuesday in a speech in Osawatomie, Kan.
He said that unless a temporary payroll tax cut is extended this month, 160 million Americans would see their taxes go up next year by an average of $1,000. But there's concern on both sides of the political aisle that the payroll tax holiday might be undermining the solvency of Social Security.
Fact No. 1: Last year, for the first time in its 75-year history, Social Security took in less money than it paid out.