Heard the one about the Social Security Trust Fund that holds nothing but "IOUs"? That phony claim goes back to at least 1939, when a rabidly anti-Roosevelt journalist named John T. Flynn used a colorful analogy about a tin box in a drawer in order to argue that Social Security was a "monstrosity." But where Flynn was simply mistaken, many of those who repeat his arguments today have more cynical motives.
Flynn's essay, The Social Security "Reserve" Swindle, contains all the same arguments we hear today: The government's just writing IOUs to itself. Social Security is "an offense against younger workers" (who would be about ninety years old now) that will give older generations a free ride. "The best thing to do with this monstrous child," wrote Flynn, would be to slay it at once ..."
Years later a group of people came together to write a comprehensive rebuttal to the anti-Social Security arguments thrown around by John T. Flynn and the hundreds who came after him. They took on all of the myths one by one, demolishing them with a passion that was but thinly concealed by the dryness of their prose.
Help us spread the word about these important stories...
Bookmark/Search this post with: