Third Way's Proposed Social Security Cuts are the Wrong Way

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Written by CEPR   
Friday, 08 July 2011 10:25
The business-backed "progressive" group Third Way is going after Social Security again with some pretty deceptive language, tossing around phrases like "deep financial trouble" and "an escalating leakage of dollars." As Dean Baker notes on Beat the Press, recent projections from the Social Security trustees suggest otherwise and Third Way's proposed cuts to solve this imaginary problem would "have a larger impact on the living standards of low and middle income retirees" than the wealthy retirees they supposedly target.