If We Put 10 Million Americans Back to Work That Social Security “Shortfall” Would Disappear

Richard Eskow

There’s a great deal of alarmist talk these days about the fact that Social Security won’t be adding to its surplus this year. Instead it will call in some interest payments (and possibly other monies, too) on the money Uncle Sam borrowed from its fund. (When a rich person retires on interest income they’re called “lucky” or “successful.” When the rest of us do – however indirectly and slightly – it’s called a “crisis.”)

Those who claim to be so gravely concerned about the financial stability of Social Security should consider this: If our government had put ten million unemployed Americans back to work, Social Security would have added to its surplus this year.

Comments