Fake News: Why Social Security Isn't Going Broke
Fake News: Why Social Security Isn't Going Broke 18,125 views | Jun 8, 2018, 9:34 am Fake News: Why Social Security Isn't Going Broke John F. Wasik Contributor Personal Finance I am an author, speaker and journalist specializing in investor and consumer protection. One of the ugliest tropes in American politics is to say “Social Security is going broke.” Although there are structural funding problems with the system, to say that the nation’s most successful annuity program is going bust is a lie. It can be fixed and only politics blocks a reasonable remedy. But that didn’t stop dozens of Fox News outlets from proclaiming otherwise. They got their facts wrong and wanted to scare people without providing context. Fox anchors read this statement: “The Social Security Board of Trustees said [in] its 2017 annual report that 2022 will make the first time in more than 40 years that Social Security pays ...