Social Security's Surplus Disappearing Fast

Time by Justin Fox | Apr. 13, 2009 (News Analysis)

A better reason for the lack of attention paid to the disappearance of Social Security's surplus may be that it's starting to seem like small change. My earlier worry about 2017 was that the country was going to have to find a way — through raising taxes or cutting spending — to make up for the $100 billion or so that Social Security had been handing over to the rest of the Federal Government annually. Now, with a budget deficit projected at $1.8 ... Full Story »

Posted by Kaizar Campwala

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2.2

by Julia Willebrand - Apr. 16, 2009

This is not quality journalism. It reads like much of the "attack social security" MSM biased journalism which shills for the finance industry.. There are statistics and then there are d.... lies. While the treasury is bailing out banks and insurance companies to which it has no obligation, By proposing that Treasury bond interest payments to SS are a drain on the budget this journalist implies that the US government might renege on its full faith and credit obligation to pay the interest on its bonds.

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by Dwight Rousu - Apr. 14, 2009

The story seems to feed on the false fear of the failure of social security, a fear promoted by republicans who oppose social programs. There is a bit of data, but it is thin and not explored in depth.

Minor adjustments can keep the system easily afloat, as long as congress can be kept rational.

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