Apr
08
2010

Washington Post's Anti-Social Security Crusade Continues

The Washington Post (4/8/10) continues its crusade against Social Security (Action Alert, 1/6/10; FAIR Blog, 5/15/09, 5/13/09, 4/1/09) in a front-page news story by Neil Irwin and Lori Montgomery:

Social Security is already draining resources from the broader federal budget, as spending on benefits has risen above this year's Social Security tax collections. While that gap is expected to be fleeting, the program, the largest single item in the federal budget, is projected to require sustained support within the next 10 years.

If you are a retiree under the age of roughly 90, then you paid extra Social Security taxes–cumulatively amounting to trillions of dollars– precisely so that the Treasury would be giving money back to the system during your retirement, thus keeping the system in the black. The Treasury is "supporting" Social Security in precisely the same way that your friend is "supporting" you when he pays back that money he borrowed from you.

About Jim Naureckas

Extra! Magazine Editor Since 1990, Jim Naureckas has been the editor of Extra!, FAIR's monthly journal of media criticism. He is the co-author of The Way Things Aren't: Rush Limbaugh's Reign of Error, and co-editor of The FAIR Reader: An Extra! Review of Press and Politics in the '90s. He is also the co-manager of FAIR's website. He has worked as an investigative reporter for the newspaper In These Times, where he covered the Iran-Contra scandal, and was managing editor of the Washington Report on the Hemisphere, a newsletter on Latin America. Jim was born in Libertyville, Illinois, in 1964, and graduated from Stanford University in 1985 with a bachelor's degree in political science. Since 1997 he has been married to Janine Jackson, FAIR's program director. You can follow Jim on Twitter at @JNaureckas.