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Saving Social Security

The resources discussed in this week's In The News address saving Social Security. Perhaps the most successful and certainly the most popular of the New Deal social welfare programs, Social Security has made a critical difference in the living standards of many older Americans, especially women. However, the program faces difficulty in the years ahead because of the shifting demographic of the American population. An aging population means that, by about the year 2012, more money will be drawn for benefits than is received from payroll taxes, and by 2032, the system's trust fund will be empty. In his State of the Union address, the President signalled a new commitment by his administration to shore up Social Security, primarily by diverting 62 percent of the current and projected future budget surpluses. While some analysts and politicians are wary of the details, particularly the President's idea to invest a portion of this money in the stock market, on the whole, he has received substantial bipartisan support.
Alternate Title
In the News: Saving Social Security
Archived Scout Publication URL
Scout Publication
Date Issued
1999
Language
Date of Scout Publication
January 22nd, 1999
Date Of Record Creation
April 3rd, 2003 at 12:38pm
Date Of Record Release
April 3rd, 2003 at 12:38pm
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