Jim Manis on Most Anything

Jim Manis can formulate an opinion about a good many things, including those about which he has little knowledge. (And some dude named "Lazlo.") Visit The MagicFactory.

Monday, September 06, 2010

Numbers Don't Lie:

In 1933, when Social Security was instituted, the average life expectancy was just 63, while today it is around 78, if you're a white male. This is the primary argument that all parties fall back on when they point out that Social Security needs to be fixed or done away with as some on the far right argue.

But in this case the numbers are highly misleading. In 1933, infant mortality was much higher than it is today. If you lived to be 60 years of age in those days, you could actually expect to live to be 75 years of age, only three or four years less than today. The real truth is that the problem with Social Security is an expected short fall equivalent almost precisely to—you guessed it: the Bush tax cuts.

To read more about the situation, see Sunday's Washington Post.

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