SOCIAL SECURITY
Is Social Security a “Ponzi Scheme”? Is it is going broke and won’t be there for future retirees? They say we must increase retirement age to 70 to preserve it and that we must privatize it – have us put our money into Wall Street (where it would likely disappear in the next stock collapse). They say it contributes to the nation’s debt. They say that it is full of worthless notes. The following articles answer a resounding “No”.
Koch Brothers Exposed: Will You Help Senator Sanders Expose the Koch Echo Chamber By BraveNewFoundation.
This video shows how the Koch brothers are using the media to attack Social Security.
Top 5 Social Security Myths By MoveOn.org
NOTE: “By raising or removing the cap on withholding contributions, which is currently limited to the first $106,800 of income, Social Security could meet all future obligations and possibly greatly increase benefits.”
Washington Post Discards all Journalist Standards in Attack on Social Security By Dean Baker. (Co Director of the Center for Economic Policy Research). 10/29/2011
This article disassembles the lies stated in a recent Washington Post article on the topic of Social Security.
Boo! WaPo Dresses Up Like a Newspaper to Tell a Social Security Ghost Story By Richard (RJ) Eskow. 10/30/2011.
Another article that attacks the lies in the Washington Post story. There is a link to Paul Krugman which helps to further explain Social Security issues.
Fact Sheet: Inaccuracies in Washington Post’s Halloween Social Security Article By Richard Eskow. 10/30/2011.
Why do Republicans hate Social Security? By Senator Bernie Sanders. September 2011.
Attacking Social Security By Paul Krugman. August 15, 2010.
Medicare and Social Security Newsletter 2011 Newsletter by Congressman Peter DeFazio.
EXCERPT: page 3. “Despite the hype, there is no immediate Social Security crisis. Social Security is not now, and never was, the cause of our deficit. Those spreading these false claims are the same people who have for years been working with Wall Street to privatize the program.
EXCERPT: From Congressman Peter DeFazio’s Newsletter of May 2011, page 3. “I have also introduced H.R. 797, which preserves the Social Security Trust Fund by closing a tax loophole so millionaires pay the same percentage of their salaries into Social Security as average American workers. It subjects all income over $250,000 to the same 6.2 percent Social Security tax rate that middle class wage earners must pay. According to the Social Security Actuary, my bill guarantees the Social Security Trust Fund will be solvent and pay full benefits for at least 75 years.”
“I introduced H.R. 796, the Social Security Protection and Truth in Budgeting Act, which would safeguard Social Security from ever being “raided”
