Skip to main content

There has been a diary on the rec list for quite some time, which presents a document along with an explanation.  The document clearly states that social security will not be solvent, yet the diarist mistakenly presents it as evidence that social security will be solvent.

In discussions of policy, it is critical to make sound arguments based on demonstrable facts.  This is especially true when trying to sway others who disagree with you: the best way is to present evidence that is hard to refute (and to engage and rebut the evidence presented against your point).

DKos is usually a good source of both information and analysis, but sometimes it's just embarassing.  I don't mind when diarists make mistakes - we all do.  But when our community as a whole fails to actually read a diary before collectively putting it on the reclist, it seems like a problem to me.  I guess this diary is just a request for you to use your reading skills before hitting "recommend"!

Just for reference, I'll post the document and explanation from the linked diary below the orange squirrely-whirly.

Here is the document cited:

The diarist has added the caption "The Trustees estimate that the trust fund will not be exhausted within the projection period."  They are focusing on footnote (b).  However, this footnote is not a description of the table as a whole, but simply describes what an entry of (b) in the table means.  In this case, there are only two entries labelled (b) in the table - under the low cost assumptions, DI and OASI will not be exhausted.  Under all other assumptions, all three funds will be exhausted, and even under the low cost scenario, OASDI will be exhausted.  The chart clearly says (in the row labelled "Trust fund exhausts in..." that the disability trust funds will be exhausted around 2015 and the old age and survivors insurance will be exhausted around 2030 (depending on whether you're making the low-cost, high-cost, or intermediate assumptions).

Again, my goal here is not to harp on the diarist, nor to argue either against or for his or her thesis.  I'm just pointing out that the evidence presented doesn't show what they claim, and asking you to apply your critical reading skills.

Wed Apr 24, 2013 at 1:29 PM PT: Based on the comments below, I've learned that the OASDI is an aggregation of other funds, and is commonly used as a summary of the whole "trust fund", so that it more accurate to say that the trust fund is only solvent in the low-cost scenario.

Originally posted to mdgeorge on Tue Mar 05, 2013 at 03:34 PM PST.

Also republished by Social Security Defenders.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site