“One [proposal] circulating this past week would… eliminate much of the [Social Security] payroll tax…” Sources: Associated Press Article Congressional
“...the new budget drastically cuts Social Security benefits for many of those now collecting, drastically cuts benefits for many of
McArdle’s disdain for Social Security is sprinkled throughout her error-laden story. Here are just a few samples (emphasis is ours):
Quote:“…economists say you really have to do things like reform Social Security and Medicare and the President’s budget doesn’t do
Quote: “ ‘President Obama’s plan provides no hope of balancing the budget, no plan to save Social Security or Medicare,
Quote: “Here’s the reality, at the rate we’re spending, the system (Social Security) will be bankrupt by the time you
Quote: “And there's broad agreement Social Security could be made solvent with a mix of relatively small tax increases and
Quote: “[I]f current taxes and entitlement promises are not reformed, the cupboard will be largely bare for today’s Facebook generation” Source: Sorry