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

Let’s get an Ebola reality check

It is said the greatest fear is the fear of the unknown. The great unknown today is Ebola, which, if you follow the headlines, is the Black ... Read More


Rants, Raves & Really?!?

A look back at last week’s highs, lows and whatevers: RANT: Two men, Allen Cantrell and Wes Watson, were killed by gunfire. Within 48 ... Read More


Georgia Says

Morning News, Savannah, Georgia, on shameful payments to Nazis: It's morally repugnant that former Nazis have apparently been paid millions ... Read More


Vigils that should not occur

There were two candlelight vigils Tuesday night. Neither one should have happened. At one event on Widgeon Trail, hundreds of friends and fa ... Read More


Every dollar counts

We’re glad to see that the Coweta Community Foundation is on the move. The foundation recently announced the launch of its 2014 fundra ... Read More

Rants, Raves & Really?!?

A look back at last week’s highs, lows and whatevers: RAVE: Newnan City Council has approved a $227,000 contract for the engineering d ... Read More