Re: By 2042, the SS Trust Fund will be empty.
While this may be the silly propaganda that the Bushies are shoveling out of the pigsty, it is completely unfounded.
The CBO projects that benefits are currently guaranteed at today's levels until 2042 and at that time, benefits will need to be adjusted downward to about 70% of current levels.
70% is a lot higher figure than is zero.
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You might find this honest article about the Social Security system to be educational. Certainly it is far less hysterical and dishonest than the poppycock the Bushies are shoveling at you:
alternet.org
<SNIP>
Lynching Social Security
By Molly Ivins, AlterNet. Posted January 6, 2005.
While health care and global warming are serious problems, Social Security isn't. We are, however, about to be swamped by an election-style campaign to convince us it is.
Dec 21, 2004
In the Texas legislature, they are called "prior-roarities," such a happy coinage. What should come prior?
When the pitter-patter of falling year-end columns comes again, not necessarily next year, but certainly four years from now, I fearlessly forecast a dismal unanimity: that the Bush administration II suffers from bad and dumb prior-roarities.
Actually, the passage of time is not required for proof – look around. The Bushies are about to launch a $50 million to $100 million dollar propaganda campaign to convince us the Social Security system is in crisis. Actually, it's not. It's quite robust and has astonishingly low administrative costs, less than 1 percent.
Continues....... |
