At Bloomberg Business Week, the distortion of what the Social Security system's trustees told the public on Monday began with its headline and opening sentence.
The headline: "Social Security Fund to Run Out in '35: Trustees." Any reader would assume that the reference is to the situation with the retirement and disability programs combined, as both are collectively referred to as "Social Security.
Sooner than we think. According to the latest trustees’ report for Social Security released last Monday, Social Security’s combined trust funds will be exhausted by 2033 — three years earlier than last year’s projections, and seven ... Read Post
Fox & Friends distorted a recent Social Security and Medicare Boards of Trustees report to fearmonger about the programs' solvency by claiming that the report significantly revised the date at which the Social Security trust fund wo... Read Post
According to a new report from the Social Security trustees, the behemoth entitlement program’s trust fund will run a negative balance some time in 2035, but that’s a bit misleading. First, the program’s obligations are more than th... Read Post