Nick Baumann |
I cover national politics and civil liberties issues for the Washington, DC bureau of Mother Jones. I have also written for The Economist, the Washington Monthly, the Atlantic, and Commonweal. Email me at nbaumann [at] motherjones [dot] com. |
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NotesThis seems sincere. It’s also really, really bad:
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Notes"Social Security is actually [very simple]…. Here’s how Social Security works: every month we take in taxes from working people and every month we turn around and distribute those taxes to retirees. That’s it. That’s how it works, and everyone who actually knows anything about the program knows that’s how it works. Taxes come in, benefits go out. And the key to solvency is simple: making sure that those taxes and benefits are in balance." -
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I made a chart (with the great Celine Nadeau) comparing Social Security and a Ponzi scheme. They don’t have much in common.
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Notes"That grandpa is seventy and not paying any income tax isn’t some kind of crazy trick he’s pulled. Grandpa doesn’t have a job."
