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The Future of Social Security

These are two audio files taken from a presentation given on February 3, 2005, at the First Unitarian Church, by Earl Blumenauer, U.S. Representative from Oregon's 3rd District, and Mark Weisbrot, Co-director of the Center for Economic and Policy Research, in Washington D.C. Mark is also co-author of "Social Security: the Phony Crisis" published by University of Chicago Press, 1999.

Earl [Blumenauer began] his power point presentation with a picture of Ida May Fuller, the first U.S. citizen to receive a Social Security check, on January 31, 1940... [and delved] into changes proposed by the Bush administration, and demonstrating how these changes will not help retirees, but actually make things worse. Then Mark Weisbrot [began]... by stating the System is not in trouble. "The truth is, according to the numbers that President Bush is using, the System can pay all the promised benefits for the next 37 years... [and outlined the] "tricks that have been used," [stating that] "... they inflate the health care costs. 'they say, look what's going to happen to Social Security and Medicare in 50 years, and that is indeed as you saw, (in Blumenauer's presentation) explosive, if you put Medicare on there. But Medicare is a separate program, so that has nothing to do with Social Security, and has very little to do with the aging of the population. It has everything to do with the fact that our health care costs are out of control. In the United States we spend nearly twice as much as the other developed countries do on health care and we still leave about 47 million people uninsured. That's the real problem.'" [ Read More ] [ PhilosopherSeed.org | Future of Social Security - on cable access | More PIMC articles on Social Security ]