A new report raises a big red flag, which is waving desperately in front of a Congress hellbent on ignoring it. In a mere six years more than 60 million retirees will lose nearly a quarter of the benefits they earned through decades of hard work. This will happen automatically, unless Congress acts. Social Security will be insolvent by 2032, according to the latest report from the Social Security Trustees, a group that has long been issuing these flares.