To the editor:
I must respond to your misleading April 27 editorial on Social Security. You say the trustees report that "the system will be flat broke by 2033." They said no such thing.
What they did say is that if nothing is done at all, in 2033 the fund will be able to pay only 75 percent of promised benefits. While this is undesirable, it is far from "flat broke."
With minor changes-such as increasing the income cap on Social Security taxes so the 6 percent of workers who make more than $110,000 a year pay taxes on all their wages, just like the rest of us-the fund can guarantee full payment of benefits for the next 75 years and beyond with no cuts in benefits.
Social Security is one of the most successful government programs in history, and provides a modest level of comfort and dignity for millions of our fellow citizens. Wall Street has been trying to get its greedy hands on it since the program started, and relies on propaganda outfits such as The Sentinel to spread their misinformation. You should be ashamed of using such scare tactics.