Today at 1pm PST on the ABC hourly radio news Ann Compton gave a report on President Bush's plans to borrow one or two trillion dollars to privatize Social Security. At the beginning of the report she said that without changes Social Security is going to "run up trillions in debt," and later said that "Social Security Trustees say this shortfall will start as soon as 2018."The "journalists" in the Mainstream Media are probably idiot members of New Pravda who are only capable of reading the party line.
This just isn't so, as many of you reading this already know. Social Security is completely solvent until 2042 at the earliest, and even this date is calculated using an assumption of only 1.9% average economic growth between now and then, and even then there is a very small difference between projected Social Security revenues and benefit payments!
But Ann Compton didn't know this, and repeated the Right's strategic lies. I guess I shouldn't expect a reporter these days to know anything about the story she is covering, but one would think that an organization as big as ABC News would have someone on staff who knows enough about something as important - and current - as Social Security to steer Ms. Compton toward the accurate facts.
ABC got it wrong.
Thursday, December 09, 2004
The MSM, idiots, liars or both?
Thanks to Dave Johnson at Seeing the Forest.