Lies about social security $$ |

Lies about social security $$

In his Feb. 13 column, George Rebane perpetuates the mistaken idea that Social Security is broke. Actually, Social Security has amassed a surplus of $2.7 trillion with money contributed by American workers and their employers. Both the Congressional Budget Office and the Social Security trustees estimate that obligations to retired workers could be met, with no changes, for at least 30 years.

So why go into the general fund to pay benefits? Because the federal government has borrowed and spent the surplus every year. It owes Social Security more than $2.7 trillion and has to start paying it back. This money belongs to the people who saved it for their retirement.

The money elites have longed for years to get their hands on that money (i.e. privatize Social Security). For years they’ve promoted the idea that retirees will have to accept cuts. This is a lie, but they hope you’ll believe it and expect it. Now is the time to tell our elected officials that we don’t buy the scam. Social Security is not an entitlement, it is a retirement system completely funded by participants and their employers.

Patricia Black

Nevada City

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