[A]t a press conference Thursday, Social Security Commissioner Michael J. Astrue, one of the government trustees releasing the report, begged reporters not to scare the public by exaggerating the significance of trust fund exhaustion"That does not mean that there will be no money left," Astrue said. At that point, even if Congress took no action, Social Security could still pay out 78 percent of expected benefits from annual revenues. "That would be a bad result, but it is a far cry from having no benefits at all," he said.
Inaccurate reporting on the topic tends to "make young people despair about Social Security," he said.
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Aug 6, 2010
Astrue On Trustees Report
From the Huffington Post:
"make young people despair about Social Security," he said.
ReplyDeleteDoes it matter whether they despair or not?
The government still collecting their taxes.
Mr. Astrue is now begging the media not to tell the truth? When will this end? Change at the top needs to happen sooner than later.
ReplyDeleteInaccurate reporting is one of the major problems creating problems these days. As far as Social Security fundong goes, there is not an immediate problem, but certainly an long-term concern. Regarding the Social SEcurity Administration itself, it is a basket case with hundreds of thousands of claims going unpaid and hudreds of thousands, if not millions, more being paid incorrectly. The media and the politicians generally harp on the formei issue and get it wrong, and vurtually ignore the second issue.
ReplyDeleteI wonder if the people calling for the ouster of Mr. Astrue have ever found a commissioner they wanted to keep?
ReplyDelete