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Newsday smear about Dr. Paul!

Saul Friedman, in a recent Newsday article claims that the Social Security Preservation Act recently introduced by Rep. Ron Paul (R-Texas) is being used to illegally frighten senior citizens (horrors!!).

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Here is a quote from the article:
http://www.newsday.com/news/columnists/ny-bzsaul5579266feb16...

"..."The American Service Council," have more recently sent out a different mailing, pleading for funds to support passage of the Social Security Preservation Act, introduced by Rep. Ron Paul (R-Texas) to prohibit the use of Social Security trust funds for purposes other than benefits.

Paul's bill has no chance of passing and is unnecessary because the Treasury borrows from Social Security to pay for many government functions and repays what it borrows. But organizations often use bills that have no chance of passing to raise money from the unwary."

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First, Friedman makes the following statement about saving Social Security:

"unnecessary because the Treasury borrows from Social Security to pay for many government functions and repays what it borrows."

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The Office of Management and Budget describes the nature of the Social Security Trust Fund like this:

These [Trust Fund] balances are available to finance future benefit payments and other Trust Fund expenditures – but only in a bookkeeping sense.... They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures. The existence of large Trust Fund balances, therefore, does not, by itself, have any impact on the Government’s ability to pay benefits. (from FY 2000 Budget, Analytical Perspectives, p. 337)

President Bush's take on the matter is:

"Some in our country think that Social Security is a trust fund -- in other words, there's a pile of money being accumulated. That's just simply not true. The money -- payroll taxes going into the Social Security are spent. They're spent on benefits and they're spent on government programs." ( http://www.whitehouse.gov/news/releases/2005/02/20050209-15.... )

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My main two issues with all this is:

1) The guy is just flat out wrong with his information. The social security fund doesn't have any money in it anyways. Only future "claims on the Treasury". Even IF there was real money in the fund, the OMB says the system will go broke sometime between 2029-2041. According to Friedman the Trust Fund is flush with cash and that the Treasury uses it as a bank to borrow and repay cash. Also, according to Friedman there is really nothing at all for anybody to worry about.

2) Friedman smears Dr. Paul by associating his Congressional work with groups he claims are illegally fear-mongering helpless senior citizens.

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Everybody write www.newsday.com and complain about this factually incorrect smear! They should be ashamed.
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DON'T LINK!

Unless you want the story to be no.1 in Google.

I am a Search Engine Optimisation Expert and I am fighting a constant battle with well meaning folk , like yourself, to keep these stories from ranking high in Googles results when people search for Ron Paul related phrases.

Please add the tag rel="nofollow" to your link or remove the http://www part.
People can copy and paste.

This is very important to stop the Googlebot rating these articles high in relation to RP searches.

Flagged

Jim Stewart
http://jimboot.com

Yeah...

.. but the cross-link makes Daily Paul content also show up higher in google results. Cross-linking is one of the most important components of google page rank...

=)

Social Security is not a

Social Security is not a trust and they have absolutely no obligation to pay you at any time. Sorry suckers, you can always contract around it (by not providing a social security number-good luck) and put money away for your own retirement. You're an adult now, I hope you can at least purchase some gold and silver coin to enable you to retire quite comfortably. Socialist FDR created this Ponzi scheme (see: lead editorial in The Wall Street Journal, July 12, 2000, page A26) also known as a pyramid scheme. The social security scheme went insolvent in 2003. The remedy to keep it afloat? Open the borders to anyone and their brother, give em' a job and a fake number and maybe, just maybe it will delay the inevitable.

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