For at least two decades the "very serious people" in Washington have insisted that the Social Security system is "broke". They've been screaming "bankrupt, bankrupt I tell you!" for so long that unfortunately an entire generation of young people and even middle aged workers are convinced that Social Security won't be there for them when … Continue reading Why SS Is Not “Broke” And How The Trust Fund Works
Month: March 2015
Myth Busting the Fears of Social Security and Medicare Insolvency
On April 1, 2015 I'm presenting at the Area Agency on Aging 1-B sixth annual Judith J. Wahlberg Lecture. I'll be taking another whack at these zombie ideas that Social Security and/or Medicare are unsustainable, that they're going BANKRUPT, and that we must cut benefits now to prevent cutting benefits later. As you can tell, … Continue reading Myth Busting the Fears of Social Security and Medicare Insolvency
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