At Monday’s debt limit press conference, President Obama claimed: “With respect to Social Security, Social Security is not the source of our deficit problems.” This is simply false. The Social Security Board of Trustees 2011 Annual Report found that Social Security added $49 billion to last year’s budget deficit and is projected to add another $46 billion to this year’s deficit.

FactCheck.org fact checked a similar claim by Senate Majority Leader Harry Reid, D-Nev., earlier this year. Their conclusion: