The media just keeps getting it wrong, spreading disinformation which tends to feed the fear and lies that so often support conservative policy in America. The latest comes from MSNBS, with Chuck Todd speaking with Richard Stengel, the managing editor of Time:
I think [Rick Perry's] on to something. Do Americans really realize that there is no such thing as a social security trust fund? That it's a pay as you go program and when there are fewer paying in than what you get out? Are they're any people under 35 in America who believe that Social Security is going to be there as it is and was for their parents? So I think he's hearing something that maybe the other candidates aren't hearing.
There actually is a social security trust fund and it can meet it's obligations for the next 30+ years. And it can meet them for the foreseeable future if we do one of two things: 1. Simply tax those making over 100k at the same rate and/or 2. Invest the fund collectively in slightly better returning investments (than the t-bills that currently serve that role).
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