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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (98870)2/5/2005 10:35:16 PM
From: LindyBill  Read Replies (1) of 793756
 
Conservative Philospher - From Today's New York Times (KBJ) To the Editor...

By Keith Burgess-Jackson

From Today's New York Times (KBJ)

To the Editor:

Re "Little Black Lies" (column, Jan. 28):

Paul Krugman criticizes a study by the Heritage Foundation that showed Social Security to be a bad deal for most Americans, especially African-Americans. He cites a six-year-old memo from the deputy chief actuary of the Social Security Administration suggesting that our study suffered from "major errors in the methodology," and concludes that our study is "damned lies."

In fact, we answered that critique long ago. "Social Security's Rate of Return: A Reply to Our Critics" (Dec. 11, 1998) refuted the claim that we ignored elements of the system that disproportionately benefit minorities.

We even recalculated everything using the methodology used by the actuary.

It merely reinforced our initial finding that African-Americans generally receive a far lesser return on their investment of Social Security taxes than whites.

The disparity arises from the fact that so many black workers die before they can recoup what they paid into the system.

Mr. Krugman may try to dismiss this, but it won't change the fact that the current Social Security system is a bad deal for Americans in general and for African-Americans in particular.

William W. Beach
Director, Center for Data Analysis
The Heritage Foundation
Washington, Jan. 28, 2005
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