The Trustees’ Report

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As I write this, the new Trustees’ report on Social Security is being released. Early reports indicate “bad” news: namely, the year that the program starts paying out more in revenue than it receives in taxes has moved back from 2018 to 2017. Uh oh! Meanwhile, the year the Trust Fund is predicted to be exhausted, and hence when the program goes slightly—slightly—out of balance, has moved back from 2042 to 2041. Egad! Okay, so there’s still no crisis, though the Trustees’ are quite obviously trying to show that the system is getting sicker and sicker.

On the face of it, however, these new numbers seem quite ridiculous; we’ve had healthier than expected economic growth over the past year, so why would the Trustees now become more pessimistic than they were last year? Hm? These new projections couldn’t have anything to do with the fact that five of the six Trustees’ are pro-privatization hacks who might find it in their interest to perpetuate all this “crisis”-mongering, no? Oh surely not.

At any rate, read Matthew Yglesias’ TAPPED post on this subject, laying out a lot of the issues here. The main point is that it’s absurd to try to predict crisis and doom 75 years into the future. But more on this in a bit…

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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