News Release

Social Security: Beyond the Doom-and-Gloom


Richtman is executive vice president/acting CEO of the National Committee to Preserve Social Security; Causey is communications director for the group.

He said today: “It’s important that Americans understand the [just-released] 2011 Trustees Report confirms that Social Security and Medicare continue to fulfill their mission, providing retirement and health security to millions still suffering during the worst economic crisis of a generation. Beyond the doom-and-gloom news headlines and calls to cut these programs in order to ‘save’ them, the fiscal facts in this annual report show that Social Security has a $2.6 trillion surplus which continues to grow. While healthcare reform has extended the solvency of the Medicare Trust Fund, the economic recession and high healthcare costs continue to take their toll. The bottom line is Social Security is not in crisis and further reforms to our healthcare system are necessary to bring down costs nationwide, not just in Medicare.”

For more information, contact at the Institute for Public Accuracy:
Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167