Economy Blues

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The document discusses several major economic problems facing the United States, including pension underfunding, public debt, overbuilding in hazardous areas, issues with retirement savings and Social Security, and energy. It provides details on each topic, such as that the federal pension agency is $23 billion in debt and may need a federal bailout. It also notes that public debt exceeds $7 trillion and that property damage from storms has reached $22 billion in some years. The document questions whether there will be enough money for retirement and disabled programs given Social Security's financial troubles.

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by Jason Breslow and Evan Wexler, Frontline, PBS For many middle-class families, the American Dream can feel as though it's slipping away. For others, it can seem lost for good. Consider Terry and Tony Neumann and Claude and Jackie Stanley -- the two Milwaukee couples featured in an episode of FRONTLINE, Two American Families. In 1992, both Tony and Claude had recently lost their manufacturing jobs. For the next 20 years, our cameras followed them and their families as they struggled to avoid poverty. When they could find work, it was often for longer hours, less pay and no benefits. Bills piled up, tensions rose and relationships became strained. Of course, their story is far from unique. Over the last several decades, the middle class has struggled to keep pace with smaller paychecks, mounting debt and shrinking opportunities for steady work. The following eight charts offer a brief snapshot. http://www.pbs.org/wgbh/pages/frontline/business-economy-financial-crisis/two-american-families/the-state-of-americas-middle-class-in-eight-charts/

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Economy Blues

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4. Main Menu The Year The Cost 1998 $1.13 1999 $1.24 2000 $1.64 2001 $1.56 2002 $1.49 2003 $1.56 2004 $1.99 2005 $2.35 2006 $3.04 2007 $3.01 2008 $4.14

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Economy Blues

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