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Goldman Sachs and Morgan Stanley have officially joined the growing ranks of financial institutions that have applied to repay billions of dollars of borrowed TARP funds.  Threats of tightening restrictions, including limitations on executive compensation, on those banks that accepted federal funds, have apparently created a strong incentive to repay the money as quickly as possible.

It is gratifying to know that private industry in this country will resist attempts by the federal government to take control of their day to day operations.  No doubt, what is happening with our auto industry signals the intentions of the government more plainly than any empty rhetoric ever could.

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These days, everybody wants to earn a little bit of extra money.  Do you find yourself wondering how everyone else is doing it?  Do you hear people talking about making money on Craigslist and want to give it a shot yourself?  Here are a few simple strategies you might try.

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According to new estimates, the Social Security trust fund will be exhausted by 2037, four years earlier than previously reported.  The trust fund reflects $2.4 trillion that have been borrowed and spent by the federal government.  As demand for benefits continues to increase, growing unemployment means that fewer dollars are flowing into the trust fund.

In only a few years, the Social Security trustees expect that the balance between money taken in and money paid out will tip.  By 2016, money paid into Social Security will be insufficient to cover current benefits.   At that point, the federal government must begin to repay, with interest, the trillions of dollars it has borrowed from the trust fund.

Remember the Youtube video where the federal budget is represented by $100 in pennies?  Imagine what it will look like when the government finally has to pay back social security.