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It back. >> another kick in the teeth for us who are paying into social security each and every paycheck. it's on track to run out of money in 20 years but now there is no evidence showing many may pay more than they collect in benefits. what the urban institute looked at an average couple who earned an average wage, in 1990, let's say would have paid $316,000 in social security taxes but collected $436,000 in benefits but that couple if they turned 65 in 2010 they will have paid $600,000 in taxes, only collecting $579,000, $21,000 less. the rub year is the spread is only getting bigger becaus...

Lifetime. so i think ed has a point in the long run, but in the short run it is clear that that's not going to have an immediate effect on helping the economy. what does help the economy is properly targeted government spending. properly targeted government tax cuts which, in fact, do help, like the expensing on small businesses. that's clearly been a big help. smart tax cuts, but not across the board tax cuts for the wealthiest americans. so there's no question that spending cut rst not the immediate answer to the economy. there's no question that the stimulus did produce significant new jobs...

2 million americans this week. meanwhile new claims rose. here's the number that just came out, 436,000. that is a jump of 23,000 people who are now having to get on that line and file for unemployment claims. tomorrow we're going to get the whole look at the month of november for that rate. economists predict it will stay stuck above the 9 percent unemployment rate level for the united states right now, and that streak of high unemployment numbers could break the record that was set back in the 1980s. bill: well, the president's bipartisan decifit commission, dealing with a nightmare right no...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.