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Social Security Expert Says Proposed Benefit Cuts will not Help Reduce the Deficit

Author: Benefit Cuts

Published: 2010-10-13

Synopsis:

Recent calls to cut Social Security benefits are grounded in misinformation and misunderstanding.

Main Digest

Recent calls to cut Social Security benefits are grounded in misinformation and misunderstanding, says Merton C. Bernstein, LLB, a nationally recognized expert on Social Security.

"Leaders and members of the National Commission on Fiscal Responsibility have targeted Social Security "advocating the reduction of benefits and an increase in the retirement age," says Bernstein, the Walter D. Coles Professor Emeritus at Washington University in St. Louis School of Law.

"They are ignoring Social Security's strong foundation and track record," Bernstein says. "Cutting the program will lead to undiminished deficits, more poverty, less purchasing power, less business income and more unemployment."

Bernstein notes that Social Security:

Bernstein discusses the strength and sustainability of the Social Security system and problems with raising the retirement age in his recent Huffington Post article, "Fiscal Commission Mistakenly Targets Social Security for Cuts."

Read the full piece at: huffingtonpost.com/joan-and-merton-bernstein/fiscal-commission-mistake_b_739500.html

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