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Tired Old Trust Fund Bunk October 25, 2006 Democratic ads attack Republicans for voting to "raid the Social Security Trust Fund." That's nonsense. Summary
Democrats get no points for originality on this one, and demerits for lack of honesty. In half a dozen ads they accuse a number of GOP House incumbents of voting repeatedly to "raid the Social Security Trust Fund." That line was bunk when Republicans used it against Democratic candidates in the past, and it's bunk now. One leading Social Security expert called it "nonsense" as far back as 1999, and that still holds. The ads refer to votes that don't directly affect Social Security at all. They turn out to be votes in favor of annual budget resolutions setting targets for revenue and appropriations. Current Social Security benefits aren't affected, and the trust fund builds up binding IOUs just the same whether the overall budget is in deficit, balanced or in surplus. Analysis
Typical of these latest ads is one released Oct. 21 against Republican Rep. Steve Chabot of Ohio, by the Democratic Congressional Campaign Committee. It uses an inflammatory but misleading phrase that both parties have used in the past.
DCCC Ad: Announcer: If you were in Congress, would you vote to raid the Social Security trust fund? Steve Chabot did, eight times. If you were in Congress, would you vote for billions in giveaways to big oil and the health insurance industry? Steve Chabot did. In fact, instead of representing us, Chabot voted with George Bush 92% of the time, and that's why it's time for a change. The Democratic Congressional Campaign Committee is responsible for the content of this advertising. Similar ads by the DCCC or individual Democratic House challengers have run against Republican Reps. Melissa Hart of Pennsylvania (3 ads), Cathy McMorris of Washington state, Charles Taylor of North Carolina and former Congressman Max Burns of Georgia, who is seeking to return to his old seat. "Nonsense" The Chabot ad cites eight votes which turn out to be for budget resolutions setting revenue and spending targets for fiscal years 2003 through 2007. There is some double-counting involved for the 2004 and 2005 resolutions, which Chabot voted for twice, first for a House version and later for a Senate-House compromise version. All the resolutions called for big deficits. They contained levels of federal spending that consumed all the available federal tax revenue including any surplus from the income from the Social Security payroll tax, and then some. Nevertheless, characterizing those as votes in favor of a "raid on the Social Security trust fund" is misleading. The trust fund (actually two of them, one for Social Security's retirement program and another for the program that aids disabled workers) is not affected by whether the overall budget is in deficit, balanced, or in surplus. That's why, in 1999, a liberal scholar and ardent defender of the current Social Security system, Henry J. Aaron of the Washington-based Brookings Institution, wrote that nearly identical attacks then being made by Republicans were "nonsense."
Well-aged hokum Aaron isn't the only observer to object. This ripe old hokum actually has been exposed repeatedly over the years.
But no matter how often this tired old line is exposed as false, nothing seems to deter political party functionaries from inflicting it on voters, again and again. -by Brooks Jackson Sources Social Security Administration, "Trust Fund FAQs," web page, updated 1 March 2006.
Henry J. Aaron, "Great Pretenders," The Washington Post , 8 Nov 1999: A21. Robert A. Rankin, "Rhetoric Just That on Social Security: Neither Party's Plan Would Affect Benefits," Charlotte Observer (North Carolina), 30 Oct 1999. Jo Mannies, "Post-Dispatch Ad Check" St. Louis Post-Dispatch, 13 July 2000. Jeffrey S. Solochek, "Spot Check," St. Petersburg Times, 15 October 2002. |
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