Sen. Elizabeth Warren, D- Mass., listens to testimony during a Banking Committee hearing on Nov. 12. In a Senate floor speech on Social Security last month, Warren said, "With some modest adjustments, we can keep the system solvent for many more years, and we could even increase benefits."
For the past three years, there's been a shortfall in the payroll taxes collected for Social Security. And as more baby boomers join the ranks of the 57 million people already receiving benefits, that deficit is bound to keep growing.
At the same time, the overall share of wages being taxed for Social Security is shrinking as the higher wages that are exempt have soared. The Social Security Board of Trustees predicts a nearly $3 trillion trust fund built up over decades will vanish within 20 years.
Originally published on Fri December 6, 2013 8:40 am
The title character of Inside Llewyn Davis starts and ends the film in a little Greenwich Village folk club in 1961, singing the gloomy traditional tune "Hang Me, Oh Hang Me." The song's world-weary protagonist resigns himself to his impending death, really bothered only by the eternity he'll spend trapped underground in the grave.
Both literally and thematically dark, Out of the Furnace simmers with manliness like a slow-cooking pot of venison chili. This is the sort of movie where character is revealed by what the protagonist decides to hunt and possibly kill.
A noble buck in the Pennsylvania woods? Maybe not. A murderous, meth-dealing bare-knuckle-boxing promoter? Bang!