Thursday, March 14, 2013 | 2:02 a.m.
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In his letter “Social Security not part of the problem,” Daniel Olivier says any talk about Social Security and Medicare being part of the debt problem is fiction dreamed up by conservative politicians and media types.
The facts are that Social Security deficits already average more than $40 billion a year; there is nothing in the Social Security trust fund but IOUs, and roughly half of Medicare expenditures are paid for with public funds. So unless these programs are fixed, they will continue to increase the debt.
It’s time for Washington to stop denying that these programs are a major part of the deficit problem. These programs must be fixed, and doing it sooner will mean less pain down the road.
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