Thursday, December 13, 2007

Social Security Can Afford the Boomers

Yes, you read that correctly. Unfortunately, it’s a statement that is less likely to be included in any news coverage thanks to a 7-year propaganda campaign created to convince Americans that “Social Security won’t be there when today’s younger workers boomers will bankrupt the system and you can make more money if you trade your Social Security for a Wall Street account.”

These myths are simplistic and wrong. The facts, unfortunately, are more complicated to understand. Maybe that’s why the mainstream media has bought the Social Security “crisis” claims so easily and completely? Until lately, that is.

The Dallas Morning News has among the most comprehensive articles we’ve seen in months describing the truth of Social Security. Bob Moos talked to a broad range of economists, actuaries, and advocates. He also summarizes the Presidential candidates’ positions. It’s definitely worth a read.

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