It's amazing that President Bush can talk his appointees to saying anything he wants them to say, whether there is any truth in the statements or not. Where do you suppose it says in the Bible, "It's okay to lie as long it's for taking over a country and denying basic human rights?"
From the Christian Science Monitor - click here to re read more...
"Seriously underfunded and financially unsustainable in the long run." That's how US Treasury Secretary John Snow described the nation's Social Security system last week.
To New York actuary David Langer, Mr. Snow's statement paints the finances of the nation's public pension system as "more dire than it is" in order to scare the public into approving the Bush administration's advocacy of partial privatization of Social Security.
Actually, Social Security finances are in good shape, argues Mr. Langer. He's become something of a pest to top Social Security officials with his finding that, in the past, the most optimistic of three annual projections of the financial future of Social Security for the next 75 years has proved the most accurate. Social Security might work fine unchanged for the next 75 years, able to provide pensioners their full monthly checks, the disabled their disability payments, and widows and orphans their needed funds.
To New York actuary David Langer, Mr. Snow's statement paints the finances of the nation's public pension system as "more dire than it is" in order to scare the public into approving the Bush administration's advocacy of partial privatization of Social Security.
Actually, Social Security finances are in good shape, argues Mr. Langer. He's become something of a pest to top Social Security officials with his finding that, in the past, the most optimistic of three annual projections of the financial future of Social Security for the next 75 years has proved the most accurate. Social Security might work fine unchanged for the next 75 years, able to provide pensioners their full monthly checks, the disabled their disability payments, and widows and orphans their needed funds.
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