With Social Security’s 90th birthday coming up the New York Times has a piece on “6 Myths About It That Won’t Go Away.” Here they are:
Social Security is ‘running out of money
Aging boomers are the problem
Social Security helps drive the deficit
The trust fund is nothing but a pile of I.O.U.s
We need to cut benefits now to pay them later
Waste, fraud and abuse abound
6 comments:
Incorrect. No. 2 is not a myth. Aging boomers are a massive problem.
I think the point is that it’s silly to blame the system’s problems on those it’s intended to help when there are easy solutions to those problems. I.e. the problem might be the idiotic belief that Elon and Jeff Bozo can’t afford to pay their fair share of taxes, rather than the relatively modest increase in life expectancy over the past 90 years.
Boomers (and their progeny) who didn't have enough kids and who vote to eliminate immigration are the cause of the trust fund's depletion.
hehe
The gov't will say anything to make popular and lifesaving programs look bad. How many millionaires/billionaires are in the government? They are detached from society due to their money, they don't take the outlook of some (i.e. Bill Gates) and want to help the world, or in this case the country, they want it ALL for themselves. And in order to achieve this, they will say ANYTHING to make a program, especially one as costly to run as SSA, as bad as they can. If social security is running out of money, that means the US is running out of jobs. 2+2... it's a thing. Keep that simple math problem in mind when reading what the gov't says. If it doesn't equal 4, there's something up, and it's never good.
It is, and it's something that could have been planned for 4-6 decades before they all started retiring. Did anyone think about that before? I never heard about the boomer problem until "recently" being 10 or 15 years ago. What could they have done? Who knows...the government never looked ahead further than their nose, or their wallet.
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