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
The American Prospect is nonprofit, reader-funded journalism—and we need your help.
Our reporters dig deep, hold power to account, and explain how policy shapes people’s lives. If you value independent journalism that goes beyond the headlines, now’s the time to support it.
Here’s how you can help:
• Donate to power fearless reporting
• Subscribe to get our print magazine 6x/year.
Every dollar funds our in-depth reporting.
Donate Now. Subscribe here.
