Mitchie-poo Gets Subtle With the Social Security Lies

Blue Girl catches Mitch McConnell trying to use subtle misrepresentation to spread his Social Security lies.

McConnell's implication is that there is a hair-on-fire emergency and Social Security has to be fundamentally changed because it's doomed to bankruptcy otherwise; when in fact what the trustees presented was an either/or -- either revenues will have to be raised, or benefits will have to be cut decades down the road.

The essential Dean Baker had the best analogy I have seen on McConnell's misrepresentation:

This would be like driving from Chicago to Detroit and determining that at some point you will need more gas to complete the trip. That would mean stopping at a gas station and refilling your tank. By contrast, McConnell's comment implies that the car is about to breakdown and will not make the trip.

SNIP

The reality is there is no Social Security crisis, no matter how loudly the greed-mongers and deficit scolds insist there is.

They can wail and gnash their teeth and rend the cloth from their breast all day long and into the night. That still won't change the fact that Social Security is not only not responsible for our deficit woes, it is independent of the deficit /and/ it is solvent for decades. Period. Full stop.

The trustees report that McConnell misrepresented actually presents the same findings as the CBO report in that last link. Both report that the Social Security trustfund, without changing a thing, will be able to make full payouts through 2030-something -- it should also be noted that the full payout projections have been pushed downward not by flaws in the system, but by the economic downturn of the last couple of years. Both note that those numbers should start ticking back up as the economy recovers, and if that isn't the case, we have a lot bigger problems than Social Security heading our way.

In reality, any projected shortfalls in future Social Security benefits could be easily remedied with either of a couple of easy fixes would not only fill that hole, it would put the program on a sound footing indefinitely. The first option would be to raise the cap. Currently, a person making more than $106,800 pays no Social Security tax on any monies earned over that amount. Removing the cap and taxing all monies equally would put the program on solid footing indefinitely. So would a very modest increase -- 1% or less -- in the amount of payroll tax withheld from the wages of those of us who earn less than $106,800.

I don't know about you, but I would be willing to give up three designer coffees a pay-period now to assure that Social Security will be there when I reach retirement age.

Elected leaders who embrace the "fundamental change is necessary" mantra are either stupid, or lying. In neither instance should they be making decisions that affect millions of Americans. And that goes double for those who parrot the BS knowing full well it's just that...BS.

To paraphrase Mark Twain, there are lies, damnable lies, and lies about Social Security.

Have you talked to your Democratic neighbors today?