{"id":1521,"date":"2005-01-22T14:34:30","date_gmt":"2005-01-22T21:34:30","guid":{"rendered":"http:\/\/www.edgewiseblog.com\/mjh\/uncategorized\/likely-to-mislead-the-public\/"},"modified":"2005-01-22T14:34:30","modified_gmt":"2005-01-22T21:34:30","slug":"likely-to-mislead-the-public","status":"publish","type":"post","link":"https:\/\/www.edgewiseblog.com\/mjh\/nada\/dump-duhbya\/likely-to-mislead-the-public\/","title":{"rendered":"&#8216;likely to mislead the public&#8217;"},"content":{"rendered":"<p><a title=\"FactCheck.org Does Social Security Really Face an $11 Trillion Deficit?\" href=\"http:\/\/www.factcheck.org\/article302m.html\">FactCheck.org Does Social Security Really Face an $11 Trillion Deficit?<\/a><\/p>\n<p>Bush and Cheney say yes. But actuaries say the figure is &#8220;likely to mislead&#8221; the public on the system&#8217;s true financial state.<\/p>\n<p>Summary<\/p>\n<p>President Bush and Vice President Cheney have told audiences that Social Security faces an $11 trillion shortfall if nothing is done to fix the current system. But they fail to mention that this is over the course of the \u201cinfinite future.&#8221; Over the next 75 years &#8212; still practically a lifetime &#8212; the shortfall is projected to be $3.7 trillion.<\/p>\n<p>The &#8220;infinite&#8221; projection is one that the American Academy of Actuaries says is likely to mislead the public into thinking the system &#8220;is in far worse financial condition than is actually indicated,&#8221; and therefore should not be used to explain the long-term outlook.<\/p>\n<p>[follow link above for analysis]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FactCheck.org Does Social Security Really Face an $11 Trillion Deficit? Bush and Cheney say yes. But actuaries say the figure is &#8220;likely to mislead&#8221; the public on the system&#8217;s true financial state. Summary President Bush and Vice President Cheney have told audiences that Social Security faces an $11 trillion shortfall if nothing is done to &hellip; <a href=\"https:\/\/www.edgewiseblog.com\/mjh\/nada\/dump-duhbya\/likely-to-mislead-the-public\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">&#8216;likely to mislead the public&#8217;<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1521","post","type-post","status-publish","format-standard","hentry","category-dump-duhbya"],"_links":{"self":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts\/1521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/comments?post=1521"}],"version-history":[{"count":0,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts\/1521\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/media?parent=1521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/categories?post=1521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/tags?post=1521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}