Don’t believe the myth that Social Security is going broke
Sen. Bernie Sanders NAILS IT.
A few excerpts:
[L]et’s be clear: Despite all the right-wing rhetoric, Social Security is not going bankrupt. That’s a lie!
The truth is that the Social Security Trust Fund has run surpluses for the last quarter century. Today’s $2.5 trillion cushion is projected to grow to $4 trillion in 2023. The nonpartisan Congressional Budget Office, experts in this area, say Social Security will be able to pay every nickel owed to every eligible beneficiary until 2039.
It is true that by 2039, if nothing is changed, Social Security will be able to pay out only about 80 percent of benefits. That is why it is important that Congress act soon to make sure Social Security is as strong in the future as it is today.
The hatred of Social Security from the right-wing, anti-government crowd is based on the fact that the government program has been enormously successful in accomplishing its mission. For 75 years, in good times and bad, Social Security has provided financial security for tens of millions of Americans.