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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (36847)	2/5/2005 12:26:52 AM
From: TigerPaw	Read Replies (1) \| Respond to of 173976

Right wingers have no idea what science is, or they would not remain long in the right wing. TP

To: geode00 who wrote (36847)	2/5/2005 1:49:13 AM
From: geode00	Respond to of 173976

Big media drops the ball [EC: dummies unite!] Flipping around the news channels last night, Bob Somerby watched various media talking heads either parroting or acquiescing to Bush's line that Social Security will soon be "bankrupt". Social Security, of course, can never go bankrupt or run out of money—not so long as American has a producing class that's working and contributing payroll tax receipts to the program. Now perhaps Bush, along with our illustrious television commentators, believe that come 2042 America will no longer have any workers whatsoever. That's a very interesting view! I just wish someone would ask the president whether or not he thinks this scenario might pose other, somewhat larger problems for the future of our country. Hm? Update: Via Atrios, apparently CNN's "economics correspondent" Kathleen Hays doesn't understand how the current program works either: ====CNN economics correspondent wrong again on Social Security For the second time in three days, CNN economics correspondent Kathleen Hays made an inaccurate claim regarding Social Security. On the February 3 edition of CNN's Wolf Blitzer Reports, Hays incorrectly claimed that under the current system, workers are unable to "pass their Social Security retirement benefits on to their heirs." In fact, surviving spouses and children can all obtain benefits based on the lifetime payroll taxes paid by a deceased parent or spouse. As the Social Security Administration explains, a surviving spouse is entitled to receive the "full benefits" that the deceased spouse would have been entitled to upon reaching the standard retirement age (currently 65, but scheduled over time to increase to 67). Even divorced spouses are entitled to those benefits, subject to certain conditions. Before reaching retirement age, a surviving spouse caring for a child under the age of 18 (or 19 if that child is still in high school) is also entitled to receive significant monthly benefits. From the February 3 edition of CNN's Wolf Blitzer Reports: HAYS: Another plus -- it would give workers a way to pass their Social Security retirement benefits on to their heirs. Under the current system, those benefits stay with the government. On February 1, Hays erroneously understated the amount of benefits that the Social Security trust fund will be able to pay future retirees if no changes are made to the system, as Media Matters for America documented.