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.
Tributes are pouring in from around the globe on news that Nelson Mandela, the man who led South Africa out of apartheid, has died. He was 95 and had been ill for a long time. His death marks the passing of an era and President Obama spoke a short time after hearing the news. President Obama held Mandela up as an inspiration to his own leadership.
Originally published on Thu December 5, 2013 6:56 pm
There are many examples of triumphant liberation leaders and successful political leaders, but it's rare to find someone who has managed the transition from one to the other.
George Washington did it in the 18th century. Mustafa Kemal Ataturk of Turkey did it after World War I. And Nelson Mandelaalso belongs to this exclusive club.
"It is hard enough to find someone courageous enough to lead a revolution, rarer still for them to have remarkable leadership skills," says Jack Goldstone, director of the Center for Global Policy at George Mason University.
Egyptians are preparing to vote on a new constitution, again. When the last constitution was approved, President Mohamed Morsi of the Muslim Brotherhood was in power. He was ousted in July. The latest constitution was drafted by the military-backed government that ousted Morsi. Nathan Brown, who studies constitutionalism and rule of law in the Arab world, talks to Robert Siegel about what's at stake in the process, and the criticism the draft constitution has received. Brown is a professor at George Washington University and a scholar with the Carnegie Endowment for International Peace.
Duke University is known for its basketball team. It's often at the top of the rankings and always a contender in the NCAA tournament. But this year, Duke's fans have something else to cheer about: their football team has had a standout season. Now, the university is hoping to capitalize on that success.