from FactCheck.org
Summary
In a new TV ad, Progress for America exaggerates the true state of Social Security's finances by comparing it to the Titanic.
The ad claims the system will go "bankrupt" if nothing is done and that we must rescue the program "before it hits the iceberg." Actually, neutral experts predict the system can pay between 70 and 80 percent of currently scheduled benefits even if the Trust Fund is exhausted, which isn't predicted to happen for another 37 years, at least.
The ad also touts Bush's plan for "voluntary personal retirement accounts" as though that would improve the system's finances. But even the White House now acknowledges that individual accounts alone do nothing to fix the system's long-term financial shortfall.
Click the link below for the full article:
http://www.factcheck.org/article313m.html
If the link does not work, copy and paste this link into your browser and hit "ENTER": http://www.factcheck.org/article313m.html
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.