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:6/25/2016)... ... 2016 , ... Conventional wisdom preaches the benefits of moderation, whether it’s a ... the bar too high can result in disappointment, perhaps even self-loathing. However, those who ... , Research from PsychTests.com reveals that behind the tendency to set ...
(Date:6/24/2016)... ... 2016 , ... June 19, 2016 is World Sickle Cell Observance Day. In ... benefits of holistic treatments, Serenity Recovery Center of Marne, Michigan, has issued ... Sickle Cell Disease (SCD) is a disorder of the red blood cells, which can ...
(Date:6/24/2016)... ... ... Global law firm Greenberg Traurig, P.A. announced that 20 Florida attorneys are recognized ... this recognition are considered among the top 2 percent of lawyers practicing within the ... this year’s Legal Elite Hall of Fame: Miami Shareholders Mark D. Bloom, Burt ...
(Date:6/24/2016)... ... 24, 2016 , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join ... wage raise to $12 an hour by 2020 and then adjusting it yearly to increase ... of the minimum wage, assure the wage floor does not erode again, and make future ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... is proud to recognize Dr. Barry M. Weintraub as a prominent plastic surgeon ... beautiful women in the world, and the most handsome men, look naturally attractive. ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... , June 27, 2016 Jazz Pharmaceuticals ... waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of ... acquisition of Celator Pharmaceuticals, Inc. ("Celator"; Nasdaq: ... p.m. (Eastern Daylight Time). As previously announced ... into a definitive merger agreement under which Jazz Pharmaceuticals ...
(Date:6/24/2016)... SOUTH SAN FRANCISCO, Calif. , June 24, ... GBT ), a biopharmaceutical company developing novel ... with significant unmet needs, today announced the closing ... 6,400,000 shares of common stock, at the public ... the shares in the offering were offered by ...
(Date:6/24/2016)... June 24, 2016 Dehaier Medical Systems Ltd. ... which develops, markets and sells medical devices and wearable ... signed a strategic cooperation agreement with Hongyuan Supply Chain ... Chain") on June 20, 2016, to develop Dehaier,s new ... cooperation agreement, Dehaier will leverage Hongyuan Supply Chain,s sales ...
Breaking Medicine Technology: