Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Can you answer a political question about bankruptcy? - Im a college student trying to understand politics. When someone says social security or any welfare program is going/gone bankrupt what does that mean? Being that its funded by taxes i cant see how it can go bankrupt or at least the same way bussinesses do. Dont be afraid to explain in detail if neccessary. Thanks yahoo chaters! -