Tuesday, May 12, 2009

Recession puts Social Security in spotlight - May. 11, 2009

The forgotten fiscal problem

The recession has put the debate over Social Security's fiscal health in the shadows. A report Tuesday could revive it - at least for awhile.

By Jeanne Sahadi, CNNMoney.com senior writer

Last Updated: May 12, 2009: 9:24 AM ET

NEW YORK (CNNMoney.com) -- The financial crisis has cast a shadow over a perennial debate in Washington: How to ensure the long-term financial health of Social Security.

While President Obama has taken on more major issues in his first few months than most presidents, the entitlement program for retirees hasn't made the list.

But on Tuesday, the reform debate is likely to be revived, if only temporarily, with the release of the annual report from the trustees who oversee Social Security and Medicare.

Experts expect the trustees' short-run projections for both programs to be worse than they were a year ago.....

Recession puts Social Security in spotlight - May. 11, 2009

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