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Home Publications Blogs Beat the Press Harry Reid, the Social Security Trustees, and CBO Say Social Security Will be Solvent for Decades

Harry Reid, the Social Security Trustees, and CBO Say Social Security Will be Solvent for Decades

Saturday, 16 October 2010 08:18

Dan Balz gave Washington Post readers classic "he said, she said" reporting in his coverage in the debate in Nevada's Senate race. Balz reported that Sharon Angle, the Republican challenger, claimed that Social Security is facing a serious crisis. He then noted that: "Reid suggested that, with tiny fixes, the system would be good for the next four decades or beyond."

Actually, what Reid "suggested" is exactly what the projections from the Congressional Budget Office show as well as the projections from the Social Security trustees. The vast majority of Post readers don't have the time to investigate the truth of Reid's statement, Dan Balz does. He should have told readers that Senator Reid was right and Ms. Angle was wrong according to the standard projections used to evaluate this program.

Comments (9)Add Comment
written by fuller schmidt, October 16, 2010 8:42
But if Balz investigated the facts, he would be a godless Communist.
A Flubbed Opportunity
written by Rogermac, October 16, 2010 9:07
Harry Reid had a slam-dunk and played it like a tip-in.

This was a chance to trumpet the only authoritative public sources of info about SS finances -- the Trustees Reports and CBO analysis.
written by izzatzo, October 16, 2010 9:37
If Balz investigated the facts he would be kicked out of the Teabagger branch of Austrian Economics which doesn't believe that economic truth can be verified or refuted.

This was revealed in the huge underground barter economy job machine that rose up in Nevada as predicted by Sharon Angle.

It's all a priori, cloaked in Godliness, decentralization and spontaneous Individual Metaphoric Messiansim. This is why chickens have become the standard of exchange for health care and gamblng in Nevada, which is leading the nation for economic recovery.
Dan Balz is an embarrassment to the Post!
written by paul, October 16, 2010 1:16
And that is really hard to do. Balz should have retired years ago.
Sharron Angle is no angel
written by AndrewDover, October 16, 2010 2:23
Angle's insane charge about Social Security should have been mentioned:

... In a television ad, you claim Senator Reid “voted to get special tax breaks to illegal aliens and to give illegals Social Security benefits.”
Most reputable fact checkers have said that’s patently false, especially the line about social security benefits. The ad was even criticized by the chair of the Republican Hispanic Caucus. Would you like to denounce the ad as deceptive or give voters documented evidence about its accuracy.

Not at all, I’m glad to give voters, um, the opportunity to see that Harry Reid has voted to give Social Security to illegal aliens. Not only did he vote to give it to them after they have become citizens but even before they were citizens, he voted to give them the benefits of our Social Security. Our Social Security system is one that needs to be addressed and we’re not addressing it. In fact what we need to do is make sure that we keep our promise to our senior citizens and make sure that our younger folks have the opportunity to have a personalized Social Security retirement account similar to the thrift plan that Senator Reid has. If it’s good enough for Harry Reid it should be good enough for the rest of us."

She just lies.

written by Bill, October 16, 2010 4:22
Dean, what do you make of this latest piece by Robert Reich on lowering the value of the dollar?

False equivalencies favor the corporatocracy
written by racetoinfinity, October 17, 2010 4:23
Funny how most of these false equivalencies favor big corporations and the mil.-industries (the corporate plutocracy).
why the contradiction?
written by pete, October 17, 2010 1:38
Yesterday Dean says SS is completely solvent since the SS checks could be paid for easily with a very small tax on financial transactions....today he is back to linking SS payments to the 12.5% flat tax? Which is it? Linking SS payouts to the 12.5% flat tax only buys into the conservatives arguments, just quibbling over details...De link and fuhgettaboutit. The courts delinked SS payouts and taxes long ago, why can't the economists see it too.
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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.