Difference between revisions of "US/Social Security/myths"
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==About== | ==About== | ||
| − | The [[US/Social Security|Social Security]] system is often attacked by [[free | + | The [[US/Social Security|Social Security]] system is often attacked by supporters of [[free-marketism|"free-market solutions"]] using various spurious claims that it is in financial trouble, presumably with the intention of rebuilding it as a [[private profit]] center for themselves (e.g. by converting the trust fund to a set of {{l/same|private accounts}}) or eliminating it altogether in order to increase [[worker dependency]]. |
The arguments used tend to play heavily on the minor financial complexity involved in the fact that the system's funds are held as [[US/gov/treasury/bond|treasury bond]]s, a form of [[debt security]] backed by the [[US/gov|US government]], rather than cash. | The arguments used tend to play heavily on the minor financial complexity involved in the fact that the system's funds are held as [[US/gov/treasury/bond|treasury bond]]s, a form of [[debt security]] backed by the [[US/gov|US government]], rather than cash. | ||