Thursday, April 07, 2005
FactCheck.org Social Security Ads: Risk or Protection?
FactCheck.org Social Security Ads: Risk or Protection?: "A pro-Bush TV ad gets the central fact right about Social Security: by the time today's young workers retire there are projected to be only two workers paying Social Security taxes for every one person receiving Social Security Benefits. Today there are 3.3 workers per beneficiary.
But a different ad opposed to Bush's efforts uses a misleading photograph. It shows wild trading in commodities like cocoa futures to depict the risk that workers could face with private Social Security accounts. Actually, what's being proposed is not investment commodities, but in far less risky stock and bond mutual funds, which would be broadly diversified."
But a different ad opposed to Bush's efforts uses a misleading photograph. It shows wild trading in commodities like cocoa futures to depict the risk that workers could face with private Social Security accounts. Actually, what's being proposed is not investment commodities, but in far less risky stock and bond mutual funds, which would be broadly diversified."
