sdid I scare you yet
The pro-Bush group Progress for America released a new TV ad highlighting Social Security’s long-term fiscal deficit by telling voters that the system will go bankrupt “sooner than you think.”
But the ad fails to mention that the system isn't projected to go "bankrupt" for another 37 years, when the Trust Fund is exhausted. And even then, neutral experts agree Social Security could still pay between 70 and 80 percent of currently scheduled benefits.
The group also takes aim at “National Democrats” for having no plan to address the system's financial shortfall. It’s quite true that Congressional Democrats have not endorsed a specific plan, but neither has President Bush.