Using a more accurate cost-of-living adjustment for federal benefit payments and tax brackets would cut the federal deficit by perhaps $300 billion over the next 10 years. But it faces opposition from both right and left. Economists generally agree …
Sen. Richard Durbin says that “Social Security does not add one penny to our debt.” That’s false. It was wrong 21 months ago, when Durbin said it once before, and it’s even more off the mark now.
The federal government for the first time in its history had to borrow money in 2010 to cover Social Security benefits to retired and disabled workers — a trend that worsened in 2011 and will not change at any point in the future unless changes are made.
Linda McMahon falsely claims in a TV ad that Rep. Chris Murphy “voted to raise middle-class Social Security taxes.” The ad cites two votes on end-of-year tax deals — but neither bill would have increased the payroll tax that funds Social Security:
Murphy voted against the 2010 tax deal that extended the Bush-era tax cuts and reduced the Social Security payroll tax for one year. But voting against cutting Social Security taxes is not the same as voting to raise them.
Seniors beware: The Obama and Romney campaigns are making false claims about taxing Social Security benefits:
Vice President Joe Biden told seniors in Florida that Romney’s tax plan “would raise taxes on your Social Security.” But that’s not part of Romney’s tax plan. It’s the Obama-Biden campaign’s latest misrepresentation of a nonpartisan study. The group that did the analysis disputes the campaign’s interpretation of its work.
The Romney campaign and the National Republican Committee falsely claim that Biden “repeatedly voted for higher taxes on Social Security benefits.”
CHARLOTTE, N.C. — We heard a number of dubious or misleading claims on the first night of the Democratic National Convention:
The keynote speaker and others claimed the Republican presidential nominee, Mitt Romney, would raise taxes on the “middle class.” He has promised he won’t. Democrats base their claim on a study that doesn’t necessarily lead to that conclusion.
The keynote speaker, San Antonio Mayor Julian Castro, also said there have been 4.5 million “new jobs”
A Democratic congressman who has reliably supported extending the Bush tax cuts is now being attacked by a GOP TV spot claiming he “voted for higher taxes on Social Security, small businesses, middle-class families, even marriage.” All those claims are false or, in the case of Social Security, misleading.
The target of this deceptive attack from the National Republican Congressional Committee is Rep. Mike McIntyre of North Carolina, a conservative “Blue Dog” Democrat who bucked his party by voting for every extension of Bush’s cuts,
The Obama campaign depends on some false or dubious assumptions in its “Life of Julia” slide show. The infographic depicts a fictional woman whose life from age 3 to 67 is better under the president’s policies than under those of Republican Mitt Romney. But in reality …
Michele Bachmann argued that “my facts are accurate” at the Dec. 15 debate, but a few days later, she got several facts wrong. On “Meet the Press” the presidential candidate had a couple of exchanges with host David Gregory over the validity of her statements on Social Security and the debt. Among the inaccuracies:
Bachmann said she didn’t support the payroll tax cut because “it denied $111 billion to the Social Security trust fund”and “put senior citizens at risk.”
The GOP presidential candidates debated for the second time in six days — tossing out a variety of false and misleading claims on everything from Social Security to vaccines for sexually transmitted diseases. …
Prior to the GOP debate in Florida, Republicans and Democrats alike floated false statements on Social Security. The Florida Democratic Party incorrectly says in a web ad that Mitt Romney "would privatize" Social Security, while Romney wrongly claims in a campaign flier that Rick Perry "wants to end Social Security."
It's true that Romney has expressed support for allowing younger workers to voluntarily invest a portion of their Social Security taxes in private retirement accounts. But that's not the same as privatizing Social Security,