Published on OurFuture.org (http://www.ourfuture.org)
Time to Honor America’s Debt to the Retired
By OurFuture.org Staff
Created 03/28/2008 - 9:41am

Commentary Source: 
http://www.ft.com/cms/s/0/5c1de912-fc05-11dc-9229-000077b07658.html [1]
Byline: 
John Shilling
Summary: 

Many politicians are telling us that the resulting rise in Social Security “entitlement” payments will break the budget, so we have to cut benefits to retired people. But the politicians do not want to mention that the Social Security system has been compiling a huge surplus. Why? Because they have been using that surplus for years to hide the real size of the current federal budget deficit, allowing them to spend more and justify tax cuts for the wealthy.

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[1] http://www.ft.com/cms/s/0/5c1de912-fc05-11dc-9229-000077b07658.html