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Whistling past the Social Security graveyard.(Between The Lines)
ITEM: The Chicago Tribune for June 15 reported: "The Congressional Budget Office issued a rosier outlook for Social Security's finances Monday than the system's trustees had projected adding fuel to an election-year debate over President Bush's proposal to partially privatize the retirement program."
ITEM: The Bradenton (Fla.) Herald on June 19 said, "Most everyone reacted with elation this week at the newest estimate of Social Security's fiscal health."
BETWEEN THE LINES: TO think all is well with Social Security requires more than rose-colored glasses it takes blinders. Indeed, before putting much faith in cheerful government projections, remember what the reds promised when Social Security was inaugurated in the mid-1930s, and even a decade later: "You and your employer will each pay 3 cents on each dollar you earn, up to $3,000." Vowed the Social Security Board, "That is the most you will ever have to pay."
Not so. In fact, "contributions" to Social ...
- SOCIAL SECURITY Q&A
- Newspaper article from: The Boston Globe August 27, 1995 700+ words
...need to work to become vested for Social Security disability benefits? A. The amount...future every time your employer takes Social Security taxes out of your pay. When you retire...eligible for retirement benefits from Social Security and you'll want to have additional...
- Social Security Q &A
- Newspaper article from: The Boston Globe August 27, 1995 700+ words
...need to work to become vested for Social Security disability benefits? A. The amount...future every time your employer takes Social Security taxes out of your pay. When you retire...eligible for retirement benefits from Social Security and you'll want to have additional...
- Social Security in crisis? Hardly.(FEATURES)(CURRENTS)
- Newspaper article from: The Christian Science Monitor Francis, David R. December 3, 2007 700+ words
...own party when he recently said that Social Security faces a "crisis." Senator Obama...talk about it." The Trustees of the Social Security system, in their report last spring...productivity stalls for decades (Social Security benefits are linked to wage levels...
- Social Security as its own Enron.(COMMENTARY)
- Newspaper article from: The Washington Times April 4, 2002 700+ words
...connection between President Bush's Social Security reform plans based on personal retirement...I don't want to destroy their Social Security system." Sen. Joseph Lieberman...Corzine of New Jersey beat the Enron-Social Security analogy like a drum. But guess what...
- Social Security: For the Vast Majority, the Tax That Never Stops
- Newspaper article from: The Washington Post JERRY KNIGHT April 18, 1989 700+ words
...higher state and local levies and social security taxes, so we still have to spend...used to be accompanied by a genuine Social Security Freedom Day when everybody's paychecks...fund. This year there will be no Social Security Freedom Day for 93 percent of Americans...
- Social Security: a women's issue.(LETTERS)(FORUM)
- Newspaper article from: The Washington Times March 14, 2004 700+ words
...all the benefits it has promised under Social Security. In coming weeks, the Social Security Board of Trustees will release an annual...trustees' report has warned looming Social Security deficits must be addressed. These warnings...
- Social Security sellout.(COMMENTARY)
- Newspaper article from: The Washington Times March 9, 2005 700+ words
...out to sell personal accounts for Social Security with the message they don't really...totally wrong. The chief actuary of Social Security has already scored four proposals...as achieving permanent solvency for Social Security. But the White House staff doesn...
- Social Security payments likely to shrink
- Newspaper article from: The Topeka Capital-Journal August 24, 2009 700+ words
...Millions of older people face shrinking Social Security checks next year, the first time...t rise. The trustees who oversee Social Security are projecting there won't be a...increases were adopted in 1975. By law, Social Security benefits cannot go down. Nevertheless...
Source: HighBeam Research, Whistling past the Social Security graveyard.(Between The Lines)