Social Security is not broke

All too often, Letters to the Editor contain “Talking Points” with no indication of the source. Fox News? I’m open to a discussion that starts with facts, not vague, unsubstantiated opinions. The recent letter concerning Social Security is a good example, stating “Social Security is going broke.”

NBC news reported on December 17, 2013, “On the question of whether Social Security is ‘going broke.’”

“By 2015, the amount set aside in the trust fund will swell to five times the estimated annual payouts. So the idea that Boomers will somehow be sponging off the next generation for all of their retirement funds just isn't true.”

Forbes Magazine of Jan. 2013 stated: “There appears to be every indication that productivity increases should be sufficient for the Baby Boomers to retire AND allow the rest of us enjoy even higher standards of living (assuming the compression of wages ends). That’s good news. In fact, it’s the only news that’s important.

In closing, I’m not telling you whether you should be for or against Social Security, but the argument that it is going bankrupt is a non-starter. It is much ado about nothing.”

John W. Merrick

Newnan



More Opinion

Rants, Raves & Really?!?

A look back at last week’s highs, lows and whatevers: RAVE: Cancer Treatment Centers of America at Southeastern Regional Medical Cente ... Read More


Georgia Says

Morning News, Savannah, Georgia, on voter fraud: Georgia Secretary of State Brian Kemp embarrassed himself over public allegations he recent ... Read More


CTCA hits another milestone

Cancer Treatment Centers of America at Southeastern Regional has expanded far beyond the hospital’s dreams. Within a year, CTCA achiev ... Read More


It’s time for medical marijuana in Georgia

The Callaways are separating. That may not be much of a surprise. Probably half of all marriages end in divorce, and separation is just one ... Read More


Rants, Raves & Really?!?

A look back at last week’s highs lows and whatevers: RAVE: The Newnan Carnegie Library celebrated its fifth anniversary. Over the year ... Read More

Georgia Says

Albany (Georgia) Herald on ISIL: It seems our Washington leadership has found something it can agree on — national defense. Since the ... Read More