'Social Security and Medicare are great success stories which tens of millions of people depend upon. We should not allow dishonest scare stories to be a basis for slashing and/or privatizing these programs.'
Dean Baker is the co-founder and the senior economist of the Center for Economic and Policy Research . He is the author of several books, including"Getting Back to Full Employment: A Better bargain for Working People," "The End of Loser Liberalism: Making Markets Progressive," "The United States Since 1980,""Social Security: The Phony Crisis" , and"The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer.
Much of the piece is the standard line about an aging population posing an impossible burden that we have been reading in the NYT and elsewhere for many decades. For example, Riedl includes an old favorite:
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Social Security and Medicare: Troubling math, tough politicsSocial Security won't be able to pay out its promised benefits in about a dozen years, while Medicare won't be able to do so in just five years.
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