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, these myths aren’t true. Here’s the Powerpoint slides I’ll be using. Stay tuned to this post over the next week, though, because I intend to add a series of shorter posts with some video explaining the key points of the presentation in case you can’t be there.
UPDATE and for more explanation:
- For a written and graphic explanation of why Social Security cannot go “bankrupt” and of how the trust fund really works, see this post Why SS Is Not “Broke” and How The Trust Fund Works. This is an written explanation of the middle portion of the presentation.
- For another, slightly older but still valid explanation of Understanding The Social Security Trust Fund – It’s More A Checking Account and Less A Trust Fund. This also contains links to some others’ similar explanations.