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

Georgia Says

Albany (Georgia) Herald on Islamic State's threat to America: Call it ISIS, ISIL or the Islamic State. By any name it is deadly, and America ... Read More


Because it’s none of our business

Grantville’s parks and recreation director was suspended for one week without pay. And the reason for that was … Hang on a seco ... Read More


Try voting for a change

A popular Coweta County middle school teacher resigned last week and was later charged with misdemeanor possession of marijuana. And the Int ... Read More


Rants, Raves & Really?!?

A look back at last week’s highs, lows and whatevers: RANT: A 41-year-old, Michael Rivera of Palmetto, died in a single-vehicle accide ... Read More


Georgia Says

The Times, Gainesville, Georgia, on expressions of faith: On any given fall Friday night, you'd be hard-pressed to find a football field in ... Read More

Foley beheading is ‘growing up’ moment for social media

The beheading of American journalist James Foley – and the distribution of images showing that crime – have led to a moment of m ... Read More