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sabrina 1's Journal
Posted by sabrina 1 in General Discussion (1/22-2007 thru 12/14/2010)
Sun Aug 29th 2010, 02:30 PM
This is going to be a battle! The best way to fight is to have information ready to counter the same old rightwing lies that are still being used to scare people.

Here is a simple response to the most often told lies:

Top Five Social Security Myths Debunked

Myth #1: Social Security is going broke.

Reality: There is no Social Security crisis. By 2023, Social Security will have a $4.6 trillion surplus (yes, trillion with a ‘T’). It can pay out all scheduled benefits for the next quarter-century with no changes whatsoever.1 After 2037, it’ll still be able to pay out 75% of scheduled benefits—and again, that’s without any changes. The program started preparing for the Baby Boomers’ retirement decades ago.2 Anyone who insists Social Security is broke probably wants to break it themselves.

Myth #2: We have to raise the retirement age because people are living longer.

Reality: This is a red-herring to trick you into agreeing to benefit cuts. Retirees are living about the same amount of time as they were in the 1930s. The reason average life expectancy is higher is mostly because many fewer people die as children than they did 70 years ago.3 What’s more, what gains there have been are distributed very unevenly—since 1972, life expectancy increased by 6.5 years for workers in the top half of the income brackets, but by less than 2 years for those in the bottom half.4 But those intent on cutting Social Security love this argument because raising the retirement age is the same as an across-the-board benefit cut.

Myth #3: Benefit cuts are the only way to fix Social Security.

Reality: Social Security doesn’t need to be fixed. But if we want to strengthen it, here’s a better way: Make the rich pay their fair share. If the very rich paid taxes on all of their income, Social Security would be sustainable for decades to come.5 Right now, high earners only pay Social Security taxes on the first $106,000 of their income.6 But conservatives insist benefit cuts are the only way because they want to protect the super-rich from paying their fair share.

Myth #4: The Social Security Trust Fund has been raided and is full of IOUs

Reality: Not even close to true. The Social Security Trust Fund isn’t full of IOUs, it’s full of U.S. Treasury Bonds. And those bonds are backed by the full faith and credit of the United States.7 The reason Social Security holds only treasury bonds is the same reason many Americans do: The federal government has never missed a single interest payment on its debts. President Bush wanted to put Social Security funds in the stock market—which would have been disastrous—but luckily, he failed. So the trillions of dollars in the Social Security Trust Fund, which are separate from the regular budget, are as safe as can be.

Myth #5: Social Security adds to the deficit

Reality: It’s not just wrong—it’s impossible! By law, Social Security’s funds are separate from the budget, and it must pay its own way. That means that Social Security can’t add one penny to the deficit.8

Defeating these myths is the first step to stopping Social Security cuts. Can you share this list now?


Yesterday a friend of mine told me her mother had informed her that back in the seventies they were told that 20 years from then when they were ready to retire, there would be nothing left for them collect. It was lie then and it's a lie now.

People are growing very angry over this issue. Democrats must start fighting any attempt to connect Social Security to the Deficit. They know it is a lie and they need to start saying so.

All polls show that Social Security is one of the American people's favorite programs. Democrats should be proud of that as it is one of the most successful programs ever and still one of the most popular. It was based on the very best of Democratic ideals and on FDR's commitment to the priniciple of the General Welfare and provides for the most vulnerable people in this society.

They should be using it in their campaign ads. Boasting that it was a Democratic administration that provided for the American people and that it is Republicans who want to take it away and leave the disabled, the poor and the elderly with nothing. Everyone has family members who are retired or disabled, even Republicans. That is why the polls on SS cross party lines.

So why are they NOT doing proudly proclaiming that Social Security is a Democratic Program?

It is a political goldmine for Democrats in the election if they choose to use it. Republicans want to wait until after the election to discuss it. Don't let them off the hook. By doing that, Democrats are cooperating in handing over Congress to Republicans in the Fall.

And if that happens I don't know about anyone else, but I know who I will blame.



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