Nov
6
Social Security is not in crisis
Yet another article from the mainstream press on the supposed looming insolvency of social security. As one commenter rightly points out, “Social Security has a $2.5 trillion dollar surplus at the present and can fund itself entirely for the next 25 years and after that it can continue to be solvent simply by raising the income cap modestly.” The so-called social security crisis is a phony crisis, as FAIR has pointed out over and over again and as can be seen in Dean Baker and Mark Weisbrot’s Social Security: The Phony Crisis.
