Wednesday, Jun. 24, 2009

SOCIAL SECURITY

The New Deal: The Social Security Act of 1935 created the nation's first pension system for the elderly, funded by a payroll tax levied on employees and employers.

Today.
With baby boomers approaching retirement, the Social Security trust fund is running low. Obama's challenge: to maintain an overburdened system without privatizing it.

By Eric Dodds and Rebecca Kaplan