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…

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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