Politicians often sell us myths, much as a used car salesman might sell us the myth that an old lemon is really a great luxury car.
There are several really great myths being sold to Americans lately. They include, “we need to invade Iraq because they have weapons of mass destruction,” and “major combat operations are over” and “a record budget deficit isn’t a bad thing.”
We are about to be sold another great myth. It is that the only way to save the Social Security system is to divert trillions of dollars to stock brokers, and then borrow trillions of dollars to make up for the shortfall. In fact the system is solvent at least through 2042, and only needs some small adjustments, as we have made in the past.
Remember that the man trying to sell us this myth has taken the national debt to highs never before dreamed of. Consider, if your financial adviser had given you advice that did the same to your life savings, would you be likely to take his advice again?
Damon Darley
Stanwood
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