NBC's David Gregory falsely claimed Social Security will "pay out more than it's taking in by 2010"

Summary: NBC's David Gregory falsely asserted that Social Security will "pay out more than it's taking in by 2010." In fact, according to the 2008 Social Security trustees' report, Social Security will not exceed the income rate before 2017 and will be able to pay full benefits until 2041, after which it will be able to cover between 78 and 75 percent of scheduled benefits through the end of the 75-year period the report's long-range projection covered.