Saturday, October 20, 2012

Guest Column: How to save Social Security 101

By David Soll

We have all heard the rumors that Social Security is on the verge of bankruptcy within the next decade or so. This is currently true if we do nothing.

It frustrates me when politicians and certain ideologues at the local and national levels use the present problems of Social Security as reasons to simply privatize or eliminate it altogether. They call it an “entitlement” when the truth is that Social Security is a pre-paid insurance program.

Not long ago, a politician who dared speak about getting rid of Social Security would no longer have a political career to look forward to. Today, U.S. Rep. Paul Ryan, R-Wis., comes up with a budget that practically erases Social Security as a pre-paid, publicly-funded social safety net and opens it up to eventual privatization (a prospect over which Wall Street salivates), and he is awarded with rumors of a potential vice presidential nomination. I, for one, am tired of this Republican pattern of “tackling” problems by eliminating them instead of working to solve them through legitimate fixes...

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