Wash. Post's Bacon falsely suggested private accounts would address Social Security's projected long-term revenue shortfall

SUMMARY: In a Washington Post article, Perry Bacon Jr. listed "allowing younger workers to put money they currently pay for Social Security taxes into personal savings accounts" as one of "an array of ideas" that aides to Sen. John McCain "indicated" he "could support" in "finding a solution to the long-term solvency of" Social Security. But Bacon did not note that the Bush administration has admitted that private accounts themselves would do nothing to address Social Security's projected long-term revenue shortfall.

Comments