Monday, August 09, 2010

"The myth of the Social Security system's financial shortfall"

Michael Hiltzik (LA Times):+
The trust fund is in far better shape than critics admit.---The annual report of the Social Security Trustees is the sort of rich compendium of facts and analysis that has something for everybody, like the Bible.

In recent years, during which conservatives have intensified their efforts to destroy one of the few U.S. government programs that actually works as intended, the report's publication has become an occasion for hand-wringing and crocodile tears over the (supposedly) parlous state of the system's finances.

This year's report, which came out Thursday, is no exception. Within minutes of its release, some analysts were claiming that it projected a "shortfall" for Social Security this year of $41 billion. MORE...
H/t to Norman Goldman.

No comments: