Navigation Links
Social Security 'Problems' Are 'Misplaced Scare Tactics' and Media Missing Story of Solvency, Says Former Congressional Aging Committee Chief of Staff Bob Weiner
Date:5/12/2009

WASHINGTON, May 12 /PRNewswire-USNewswire/ -- The reports on the supposed problems of Social Security based on the Social Security Administration's report today are "totally misplaced," asserts former U.S. House Aging Committee Director Bob Weiner.

Weiner, who was Chief of Staff of the House Aging Committee under Rep. Claude Pepper and later worked for Reps. Charles Rangel, John Conyers, and the Clinton White House, said, "Everyone forgets that Social Security has already absorbed eleven 'deficit' years since 1960. The fact that there may be slight deficits beginning in 2016, which the full trust funds easily absorb for some thirty years, is nothing new. That is exactly what beneficiaries paid into the system to accomplish, since the format is an insurance program. Do we reimburse private insurance when they have to pay out? Moreover, the fact that the system goes into slight composite deficit four years earlier than predicted, now 2037, is no surprise given the currently crashed economy -- and that year has always fluctuated based on the economy and could actually never happen if the economy approves."

"Even the very wise Wolf Blitzer stated that 'these numbers are far worse than experts had predicted' -- but that is 'not true,'" Weiner contends. "Social Security is solvent for almost thirty years and even then, and even if the economic situation is stagnant (unlikely), the program still can pay 75% of current benefits and can make up the difference if necessary by temporary infusion of 1/3 the annual cost of the Iraq War or 1/3 of the Bush tax cuts for the wealthy." Weiner adds, "Even that 'fix' will be negated in the following generation because the baby boomers had the fewest babies themselves in our history (2.1 per family vs. 2.9 now), so the system will have to pay benefits to fewer people."

"It's easy to throw out scare tactics to make news about Social Security -- but they are badly inaccurate. The system is sound. The real problem is Medicare, which will have problems shortly -- and it's time for Congress to allow Medicare price negotiations like the VA, imports of safe drugs for price competition, and ultimately, national health insurance as quickly as possible," Weiner concluded.

Weiner has written several recent op-eds on Social Security in major papers and regularly discussed the issue in media forums:

CONTACT: Bob Weiner/Rebecca Vander Linde 301-283-0821/202-329-1700


'/>"/>
SOURCE Robert Weiner Associates
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Early Alzheimers diagnosis offers large social, fiscal benefits
2. How social insects recognize dead nestmates
3. Dynasplint Systems, Inc. Launches Two New Web Sites Plus Social Media Tools
4. Fast-Track of Socialized Healthcare Imminent
5. Locum Leaders Links Physicians to New Jobs and Clinical Education Through Social Media
6. New Social Media Site Launches for the Fertility-Focused:
7. The ICEcard Combines Peace of Mind and Social Responsibility in One Handy Card: Families Prepare for Emergencies While Supporting Worthy Causes
8. DavisPTnetwork, A Professional Social Network for Physical Therapists, Reaches Over 500 Members
9. The Social Security Institute Launches Web Site, Inaugurates Campaign to Prevent Nationalization of Healthcare
10. More Social Security Disability Applicants Are Seeking Representation
11. New National Online Survey Says Bipolar Depressive Symptoms Have Impact on Day-To-Day Tasks as Well as Social Activities(1)
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/13/2017)... ... ... KOAMTAC ®, Inc., a leading manufacturer of Bluetooth barcode scanners and mobile ... collector at the National Retail Federation’s Big Show (NRF17) held January 15-17 in New ... need for more compact and rugged devices for collecting barcode data paired with a ...
(Date:1/13/2017)... ... ... Pahrump, Nev., used an unsavory medical experience to think of a way to improve the ... for a half year due to lazy bladder," he said. "Keeping these things on my ... to do this." , He then designed and created a prototype of the FOLEY CRADLE, ...
(Date:1/13/2017)... ... 2017 , ... People who have sensitive teeth are about as common as ... teeth. Sadly, most dental hygiene products in the market contain chemical ingredients that only ... continuing their daily oral care routine to keep their teeth white and healthy is ...
(Date:1/13/2017)... ... January 13, 2017 , ... Friday, January 13 at 5 ... game room, increasing the size of the location to 90,000 square feet. , Included ... golf course that takes customers on an educational tour of the historic route, with ...
(Date:1/13/2017)... Tennessee (PRWEB) , ... January 13, 2017 , ... MyGenetx, ... Director of Communications, and Sales Administration Specialist, Mary Taylor Smith, RD, LD, will serve ... President after serving one year as a board member and one year as Vice ...
Breaking Medicine News(10 mins):
(Date:1/13/2017)... Pharmaceuticals, Inc. ("InMed") (CSE: IN; OTCQB: IMLFF), today announced that ... Banking at Eli Lilly & Company, has been appointed to ... 28 years of senior financial and executive leadership to InMed,s ... ... significant leadership position in financial and business expertise with one ...
(Date:1/13/2017)... , January 13, 2017 Stock-Callers ... Wright Medical Group N.V. (NASDAQ: WMGI ), Varian ... Inc. (NASDAQ: MDXG ), and NuVasive Inc. (NASDAQ: ... sector which fell back to a negative finish on Thursday, ... Index falling about 0.1%, while shares of health care companies ...
(Date:1/13/2017)... January 13, 2017 According ... and Equipment Market by Method (Biochemical (Calcium Phosphate, ... Protein Production), End User - Global Forecast to ... global market from 2016 to 2021. This market ... 2021 from USD 715.4 Million in 2016, at ...
Breaking Medicine Technology: