News - Social Security Trust Fund
Extension Would Jeopardize Social Security Benefits, Bring System Closer to Bankruptcy WASHINGTON, Sept.
WINTER HAVEN, Fla., Feb. 25, 2011 /PRNewswire/ -- Economist and author Allen W. Smith, Ph.D. believes that former Fed Chairman, Alan Greenspan, bears a lot of responsibility for the Social Security funding problems that the nation faces today.
WINTER HAVEN, Fla., Feb 11, 2011 /PRNewswire-USNewswire/ -- Economist and author Allen W. Smith, Ph.D. has been saying for ten years that the so-called Social Security trust fund contains only non-marketable IOUs that cannot be converted to cash or used to pay benefits.
WINTER HAVEN, Fla., Jan. 13, 2011 /PRNewswire/ -- Taxing the rich, in order to repay the looted Social Security money, is the only fair way to resolve the short-term Social Security funding problem, argues economist and author, Allen W. Smith, Ph.D.