That is a point worth mentioning in a discussion of measures intended to lengthen its period of solvency. There are many people who are convinced that the program is on the edge of bankruptcy. This is the result of a well-financed scare campaign by people like Peter Peterson.

The Post neglected to mention this important fact in its discussion of a proposal by Senator Obama to raise Social Security taxes on people earning more than $250,000 a year.

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.