Beating the Boomers

[rodeodance]

"The president’s proposed “solution”—private accounts for younger workers—would not fix Social Security, because, again, there is no “problem” to fix. But by removing some contributions from the reserve fund, they would create problems.".......

http://www.inthesetimes.com/site/main/article/1964/

Features > February 21, 2005
Beating the Boomers
Why Bush and Co. are racing to cut Social Security
By Dave Lindorff

Social Security, the New Deal program that has provided a basic level of economic support for the nation’s elderly, disabled and orphaned for 70 years, is in grave danger—not from Baby Boomers’ rising demands, but from a campaign of lies and fear-mongering, led by the president.

The truth? There is no Social Security crisis. None whatsoever..........


Like the mythical weapons of mass destruction in Iraq, this was a flat-out lie. First of all, even if the date were correct, all that would happen in 2042 would be that the trust fund used to pay out benefits to workers would be exhausted. Even then, current workers’ taxes would continue to cover 73 percent of promised benefits to retirees.