Tag Archive: Social Security

Michael Hiltzik wrong on Social Security

Los Angeles Times columnist Michael Hiltzik blasted PolitiFact Oregon, among other PolitiFacts, with a Sept. 10, 2014 column titled “Another ‘fact-checker’ gets Social Security wrong.” We have complaints about the PolitiFact Oregon item, also. But Hiltzik’s demagogy takes precedence. This paragraph encapsulates Hiltzik’s most objectionable points: The money accounted for in the trust fund was borrowed by the federal government…
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House Democrats say Social Security ‘has paid for itself without adding a single dime to our national deficit,’ now has $2.7 trillion surplus.

“House Democrats stand united to protect and strengthen Social Security today and for future generations, and we will fight any Republican efforts to privatize Social Security.   Although Republicans have proposed “retooling” Social Security in the name of deficit reduction, the facts are clear: the Social Security program is healthy.  Since its inception, Social Security has paid for itself without…
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Fact checking AARP’s explanation of chained CPI

“After five years of retirement, when you’re 70 years old, you could lose $645.  And after 10 more years, when you’re 80 years old, you would’ve lost a grand total of $5,113.  In 25 years under chained CPI, you would’ve lost a grand total of $13,715.  That’s almost $14,000 of your hard-earned money, snatched from your wallet.” –David Certner, AARP…
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