State of Social Security, Medicare worsens
Published: May 12, 2009
WASHINGTON - The financial health of Social Security and Medicare, the government's two biggest benefit programs, have worsened because of the severe recession, and Medicare is now paying out more than it receives.
Trustees of the programs said Tuesday that Social Security will start paying out more in benefits than it collects in taxes in 2016, one year sooner than projected last year, and the giant trust fund will be depleted by 2037, four years sooner.
Medicare is in even worse shape. The trustees said the program for hospital expenses will pay out more in benefits than it collects this year and will be insolvent by 2017, two years earlier than the date projected in last year's report.
articles.latimes.com/2009/jul/15/nation/na-obama15 - Cached
U.S. schools face severe budget holes - Education ...
Updated February. 14, 2010
The nation's public schools are falling under severe financial stress as states slash education spending and drain federal stimulus money that staved off deep cuts.http://www.msnbc.msn.com/id/35395750/ns/us_news-education/
www.indianaeconomicdigest.net/main.asp?SectionID=31...155... - Cached
praiseindy.com/.../more-than-40-schools-in-detroit-michigan-set-to-close-under-plan/ - Cached
The DeKalb County School System, in suburban Atlanta, is considering a proposal to close at least four and perhaps as many as a dozen of its 147 schools. The district is anticipating a budget shortfall of $88 million, which could easily grow. Residents are upset, particularly because the schools listed so far as targets for elimination are in the southern part of the county, which is poor and heavily African-American. Hundreds of angry parents filled a school cafeteria Tuesday to protest the plan at a meeting of the school system's Citizens Planning Task Force.
Residents are upset, particularly because the schools listed so far as targets for elimination are in the southern part of the county, which is poor and heavily African-American. Hundreds of angry parents filled a school cafeteria Tuesday to protest the plan at a meeting of the school system's Citizens Planning Task Force.
