Fortune Columnist Would Rather Cut Social Security Than Make Payroll Wage Cap More Fair
The right-wing barrage of anti-Social Security propaganda continues. In fact, we’re finding ourselves having to shoot down at least one misleading (or misguided) opinion piece every month. Today’s response was provoked by a recent column in Fortune: “Social Security has 6 years left. The fix that sounds cruelest may be the smartest.”
Let’s start with the headline. Social Security does not have six years left. The program will go on indefinitely as long as people are working and paying into the system. It’s accurate to say that Social Security’s trust fund reserves will become depleted in some six years — in the unlikely event that Congress takes no pre-emptive action.