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News Link • Social Security

Experts: Contrary to Mainstream Myth, 'Social Security is Strong' and Could Be Made Stronger

• http://www.commondreams.org, Common Dreams staff
 The Social Security trust fund is in strong financial standing and the overall program could be further strengthened, say experts and lawmakers, with a simple increase of the current payroll tax cap which is currently set at $110,000. The trustee's annual financial report was released on Monday.
 
Most mainstream news and media outlets reported the trustee's report as a 'doomsday' scenario for the benefit program, which was created in 1935 and today supports 55 million Americans, including 38 million retired workers, 6 million widows, widowers and orphans, and 11 million disabled workers. But those reports belie a simple solution to improve the longevity and solvency of the program, and speak to a trend of poor-quality reporting when it comes to the issue of Social Security.

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