The U.S. recession is wreaking havoc on yet another front: the Social Security trust fund. With unemployment rising, the payroll tax revenue that finances Social Security benefits for nearly 51 million retirees and other recipients is falling, according to a report from the Congressional Budget Office...
Washington Post article:
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/30/AR2009033003291.html
Tuesday, March 31, 2009
Recession Puts a Major Strain On Social Security Trust Fund
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