Social Security fear mongers are at work; don’t be misled

Commentary | October 3, 2007 | By John Burbank | Everett Herald

Henry Paulson, along with Chicken Little, would have us believe that the sky is falling. But here are some facts about Social Security. Right now it is holding up the federal budget. Every year since 1983 Social Security has generated a surplus. Last year it generated a surplus of $185 billion. This year it is projected to generate a surplus of $186 billion. In 2016 it is projected to generate a surplus of $269 billion.

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Posted in Column, Social Security