This Morning Our local news ran a story(Fairytale) stating that social security fund would run out by 2042....I also saw the ticker on msnbc with a similar tag. Is the "liberal"(corporate) media setting the stage for another rove/bush attempt at destroying social security?
Am I the only one seeing these press propaganda pieces?
From Cbs News:
The annual trustees' report moved up the date that the Social Security trust fund will be depleted by one year to 2040 and moved up the date that the Medicare hospital insurance trust fund will be depleted by two years to 2018.
The liberal Center on Budget and Policy Priorities noted that the trustees report estimated that the cost of erasing the 75-year funding shortfall in Social Security was $4.6 trillion in 2006 dollars, while the shortfall in Medicare's hospital insurance fund was put at $11 trillion. By comparison, the 75-year cost of making Mr. Bush's first-term tax cuts permanent was $13.6 trillion, the center said.
Instead of renewing his calls for private accounts and making his irresponsible tax cuts permanent, the president should be focusing on erasing the deficit and reining in health care costs," said Sen. Jack Reed, D-R.I.