Commentary: Campaign to slash Social Security benefits is based on deliberate deception
Mark Weisbrot
Center for Economic and Policy Research
last updated: December 03, 2010
WASHINGTON — According to a recent CNN poll, 60 percent of Americans under 60 and 70 percent of those under 50 believe that Social Security will not be able to pay them a benefit when they retire.
In reality, the likelihood that any living American's Social Security benefits will not be paid to them when they retire is about the same as the probability that there will be no U.S. government at that time.
Is anybody banking on that? Of course if you are going to take something away from people, the first step is to convince them that it wasn't really there in the first place.
What makes the whole deception even more fascinating is that everyone is using the same assumptions about the future and the same numbers.
(More here.)
Center for Economic and Policy Research
last updated: December 03, 2010
WASHINGTON — According to a recent CNN poll, 60 percent of Americans under 60 and 70 percent of those under 50 believe that Social Security will not be able to pay them a benefit when they retire.
In reality, the likelihood that any living American's Social Security benefits will not be paid to them when they retire is about the same as the probability that there will be no U.S. government at that time.
Is anybody banking on that? Of course if you are going to take something away from people, the first step is to convince them that it wasn't really there in the first place.
What makes the whole deception even more fascinating is that everyone is using the same assumptions about the future and the same numbers.
(More here.)
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