Recently I reviewed a book because I hated the premise. I read this book because I like the premise. The title says it all (with an exclamation point): Social Security Works! Why Social Security Isn’t Going Broke and How Expanding It Will Help Us All. I wanted to see the proof offered by authors Nancy J. Altman and Eric R. Kingson.
With an average of five stars from over three hundred reviews on Amazon, the book has a following. Altman and Kingson aren’t Social Security’s only champions, as this article on slate.com shows, there was anger over Obama’s willingness to “give away the store…[and] cut spending on Medicare, Medicaid, and Social Security In exchange for a modest tax hike of $100 billion over 10 years—targeted at the wealthiest Americans… an outrageous deal.”
Some 54 million Americans receive benefits today, with the “average retiree’s checks roughly equal to the gross pay of someone working fulltime at the federal minimum wage.”
The authors seek to debunk “a three-decade-long, well-financed campaign [that] has sought to dismantle Social Security… [and been] successful in undermining confidence… The mainstream media has aided and abetted the campaign by uncritically accepting and advancing a panoply of misconceptions, while largely ignoring the facts.”
I must admit to being swayed by the anti-Social Security campaign. Since I started my career, I have assumed I would never receive any Social Security and used to joke that my tax went to my own grandmother. Yet, here I am, nearly forty years later, and Social Security looks secure for the next 20 years (assuming Congress doesn’t damage it.)
From the beginning, many opponents called Social Security socialism. “These same opponents rarely, however, express disgust with, or seek to privatize, America’s socialized police, fire, and prosecution services or our socialized system of roads, canals, and national parks, not to mention our socialized military.”
I found it interesting to read that President Eisenhower thought the opposite. In a message to Congress, he called Social Security “a reflection of the American heritage of sturdy self-reliance which has made our country strong and kept it free.” Continue reading