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Home Publications Blogs Beat the Press Another Front Page Post Editorial Against Social Security

Another Front Page Post Editorial Against Social Security

Monday, 24 January 2011 11:21

The Post wrongly told readers in a front page news story that "budget analysts across the political spectrum agree that popular Medicare and Social Security programs will have to be overhauled to truly cure the nation's ills." This is not true.

For example, a book that was co-authored by Peter Orszag, who had been President Obama's director of the Office of Management and Budget, and Peter Diamond, a Nobel Laureate and Obama nominee to Fed, suggests relatively modest changes to Social Security. In fact, virtually all budget analysts across the political spectrum agree that the shortfall in the Social Security program is relatively minor.

Comments (6)Add Comment
written by foosion, January 24, 2011 10:45
Our healthcare system has to be fixed. If so, medicare is fine. If not, we're doomed.

Social security is fine.
written by Peter K., January 24, 2011 2:34
"Diamond" not "Diamong", right?
written by urban legend, January 24, 2011 10:02
If there is any Social Security shortfall. All we know is that, based on long-term projections that have had to be revised on average more than every other year -- and usually resulting in extending the projected shortfall further into the future -- we might -- repeat, might -- have a problem about three decades from now. That is too far out to make responsibly any changes in taxes or benefits right now. In the current environment, that is something that we need to keep watching and that is it -- period!

Something that might be a problem sometime in the future is, by definition, not a current problem that requires a current solution. The gross irresponsibility of the once-respected Washington Post in continuing to promote this false storyline -- for whatever its true agenda is -- is beyond comprehension. Why do the directors and top management of that organization continue to sanction the worst and painfully obvious journalistic malpractice? Lots of heads ought to have been rolling for quite some time now -- which leads towards the conclusion that there is an agenda being pursued there that has nothing whatsoever to do with informing the American people.
The current SS surplus is $2.5 trillion
written by John Ogre, January 25, 2011 4:44
and I see a ton of obese boomers everywhere I go. The actuaries need to rerun their numbers because all of the modern medicine and prescription drugs in the world wont save these beached whales.

Sorry for being so blunt but when I was a little kid 30 years ago these people were a rarity.

Oh, and I'm in San Diego not the midwest
written by JUNE BOLTON, January 25, 2011 9:34
It seems to me that when social security was deemed to be insufficient in the 1980's, it took very little time for the remedy to be inacted. It was like 1982, evryone talked about it and 1983 the changes were made. Now, how wierd is it that we have to fix a problem TODAY that will present itself in like 30 years from now. The other problem that I can't seem to come to grips with is why are we talking about social security in the same breath as the budget deficit? We need more responsible journalists asking some questions
written by urban legend, January 25, 2011 2:26
To June Bolton: Obviously I agree with your main point, but language matters. To say a problem "will present itself" in 30 years starts the discussion with one hand tied behind our backs. We will have such a problem if current projections for many, many years into the future miraculously turn out to be accurate. In fact, they have to be revised on average nearly every year.

It is simply wrong of anyone, and that applies to many unthinking liberals, to say that Social Security "will" be in any condition, good or bad, in 27 years.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.