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The debt fallout: How Social Security went ‘cash negative’ earlier than expected On The Radar Last year, as a debate over the runaway national debt gathered steam in Washington, Social Security passed a treacherous milestone. It went “cash negative.” For most of its 75-year history, the program had paid its own way through a dedicated stream of payroll taxes, even generating huge surpluses for the past two decades. But in 2010, under the strain of a recession that caused tax revenue to plummet, the cost of benefits outstripped tax collections for the first time since the early 1980s.
Super Committee & the Budget Debate On The Radar The Super Committee is just weeks away from having to decide on a massive new budget plan. CNBC's John Harwood has the details on whether Europe's deal has put more pressure on Congress to follow suit.
September 16, 2011 Weekly Show President Obama took his jobs plan straight to voters this week amidst a bounty of bad news including a jump in unemployment benefit applications, and a spike in the number of people living in poverty. Also: analysis of the Tea Party debate. Joining Gwen Ifill: John Dickerson of Slate/CBS News, Beth Reinhard of National Journal, Charles Babington of AP, Michael Fletcher of The Washington Post.
Searching for Bottom: Why Everybody Had A Bad Week Gwen's Take "I went to sleep with gum in my mouth and now there's gum in my hair and when I got out of bed this morning I tripped on the skateboard and by mistake I dropped my sweater in the sink while the water was running and I could tell it was going to be a terrible, horrible, no good, very bad day." -- Alexander and the Terrible, Horrible, No Good, Very Bad Day by Judith Viorst By now it is old news that the President of the United States is in a deep political hole, with daylight growing ever farther away. He doesn’t have gum in his hair yet, but it’s doubtful the White House would admit it if he did.
On the Radar: August 17, 2011 Legacy: On The Radar
On the Radar: August 10, 2011 Legacy: On The Radar

The debt fallout: How Social Security went ‘cash negative’ earlier than expected

On The Radar

Last year, as a debate over the runaway national debt gathered steam in Washington, Social Security passed a treacherous milestone. It went “cash negative.” For most of its 75-year history, the program had paid its own way through a dedicated stream of payroll taxes, even generating huge surpluses for the past two decades. But in 2010, under the strain of a recession that caused tax revenue to plummet, the cost of benefits outstripped tax collections for the first time since the early 1980s.

Super Committee & the Budget Debate

On The Radar

The Super Committee is just weeks away from having to decide on a massive new budget plan. CNBC's John Harwood has the details on whether Europe's deal has put more pressure on Congress to follow suit.

September 16, 2011

Weekly Show

President Obama took his jobs plan straight to voters this week amidst a bounty of bad news including a jump in unemployment benefit applications, and a spike in the number of people living in poverty. Also: analysis of the Tea Party debate. Joining Gwen Ifill: John Dickerson of Slate/CBS News, Beth Reinhard of National Journal, Charles Babington of AP, Michael Fletcher of The Washington Post.

Searching for Bottom: Why Everybody Had A Bad Week

Gwen's Take

"I went to sleep with gum in my mouth and now there's gum in my hair and when I got out of bed this morning I tripped on the skateboard and by mistake I dropped my sweater in the sink while the water was running and I could tell it was going to be a terrible, horrible, no good, very bad day." -- Alexander and the Terrible, Horrible, No Good, Very Bad Day by Judith Viorst

By now it is old news that the President of the United States is in a deep political hole, with daylight growing ever farther away. He doesn’t have gum in his hair yet, but it’s doubtful the White House would admit it if he did.

On the Radar: August 17, 2011

Legacy: On The Radar

On the Radar: August 10, 2011