The Only Social Security "Crisis"

is one that is deliberately created by politicians who want to destroy it for ideological reasons.

Of course there is no "crisis." The projections were always based on pessimistic outcomes that had no bearing on the economy.

There is no Social Security crisis. Contrary to the sky-is-falling prognosticators, we don't have to destroy Social Security to save it. We don't have to turn it over to Wall Street, raise the retirement age (which is a benefit cut for future generations), or adopt a cost-of-living adjustment that guarantees benefits won't keep up with inflation, leaving our oldest seniors vulnerable.

We do need to agree on a modest and manageable set of reforms to address Social Security's modest long-range funding gap. However, reforms touted as a "grand bargain" but designed to cut middle-class benefits in exchange for tax cuts is a "bargain" our nation cannot afford.

No comments:

Featured Post

Some Photos from the Mount Hood Area

 Here are more pictures from the group hiking program in the Mount Hood area: Little Crater Lake Mt. Hood from TimberlineLodge Mt. Jefferson...