To paraphrase Mark Twain, reports of Social Security's death have been greatly exaggerated. The little-known truth is that the Social Security Trust Fund has a $2.7 trillion surplus, enough to fully pay all benefits through 2033 and a vast majority through 2086. Mitt Romney and Alan Simpson and others spread these popular myths of gloom and doom to deflect attention away from a major cause of our deficits: unneeded tax breaks for the rich and big corporations.
Barbara J. Easterling is president of the Alliance for Retired Americans. She was previously the secretary-treasurer of the Communications Workers of America.
to the California chapter of my organization—he recently wrote that members of the Alliance for Retired Americans were “a wretched group of seniors” and “greedy geezers”—lies a cautionary tale for workers and retirees: Beware of politicians looking for political cover to cut Social Security.