Foxnews carries Heritage Foundation's Rea Hederman lies about SS

[papau]

The Liar is one Rea Hederman, senior policy analyst is the Center for Data Analysis at The Heritage Foundation, who pretends that without private accounts evil happens - but with Bush type private accounts one does better. She quotes the prior year 2042 drop in payments to 73% of what would be scheduled to be paid, not noting that even less would be paid under the Bush plan! She pretends you can borrow a few trillion and not pay interest on the monies, as she implies the younger set will "do better" with private accounts. And She treats an insurance program with survivor, disability and death benefits as something you should expect to give you all your money back plus a great return - there is no cost to the insurance.

If investing in Equities is good, why won't the GOP let the Trust Fund invest in Equities instead of special government bonds - do 5 funds with gov administators tracking small "accounts" really make it different from the Soc Sec Trustees investing in those same 5 funds?



http://www.foxnews.com/story/0,2933,148284,00.html
MTV Poll Masks Youth Views on Social Security
Friday, February 25, 2005
By Rea Hederman
In the political Odd Coupling of 2005, MTV’s Rock the Vote has joined forces with AARP....<snip>Yet, despite these loaded questions, a plurality of the Rock the Vote cohort still believed that investing in private equities is good for Social Security. Forty-seven percent of the 18-39 cohort responded that Social Security would be strengthened with the ability to invest part of our payroll taxes in the stock market. And half of the RTV cohort believes that investing in a private account would make up for benefits cuts. And this is after being told that private accounts are the financial equivalent of the 10 plagues.

Notable was the absence of any questions informing these respondents about bad things that might happen if Congress rejects efforts to reform Social Security via personal accounts.

Would respondents still oppose reform if they knew the status quo would force benefit cuts of 27 percent by the year 2042? If they knew it would mean hiking their retirement taxes by 18 percent? If they knew it would mean that most young workers will never get as much out of the system as they pay into it?

Because of its maniacally manipulative methodology, the AARP/RTV survey can tell us nothing reliable about what Americans think about Social Security. But it speaks volumes about the sponsors. Neither AARP nor RTV wants to hear what their constituents think. Both groups are far more interested in telling their constituents what they should think — whether they like it or not.

http://www.foxnews.com/story/0,2933,148284,00.html

[joefree1]

1. Yuck, Faux News and the Heritage Foundation

Thanks for exposing them. Now go wash your eyeballs.


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[papau]

3. washing eyeballs now ..... :-)

:-)

[The_Casual_Observer]

2. The rw would like to extrapolate their "success" in duping the public

into Iraq to the SS issue. That won't be easy, most likely an impossible task.