A fact check on the Washington Post’s “fact check” on Social Security
Glenn Kessler, writer of the Washington Post’s Fact Checker column, took a stab today at correcting some common misconceptions about Social Security. He appropriately debunked the common and ignorant slander of the program as a “Ponzi scheme.” He explained why President George W. Bush’s privatization scheme wouldn’t have worked. He pointed out that Social Security is not only a retirement plan, but also a disability and life insurance program. He reported, accurately, that the Treasury bonds owned by the program’s trust fund are backed by the full faith and credit of the U.S. government...Read More
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