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Rival Gaza protest groups clash at UCLA; IL farmers on costly hold amid legislative foot-dragging; classes help NY psychologists understand disabled people's mental health; NH businesses, educators: anti-LGBTQ bills hurting kids, economy.

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Ukraine receives much-needed U.S. aid, though it's just getting started. Protesting college students are up in arms about pro-Israel stances. And, end-of-life care advocates stand up for minors' gender-affirming care in Montana.

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More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

Social Security: Experts Say Don't Believe the Hype

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Monday, March 28, 2011   

CHARLESTON, W.Va. - In spite of what you might have heard about Social Security, experts say the program is not about to go bankrupt. Nancy Altman, author and co-director of the national coalition, Social Security Works, says we should be careful to separate Social Security fact from fiction, and there are a lot of misconceptions surrounding the program and its financial health.

"The program is not in trouble. It is the most fiscally-responsible part of the federal budget; it can pay all benefits in full and on time for the next quarter-century."

Part of the confusion comes because the Social Security trust fund - the program's savings account - has been invested in federal bonds, which in turn help fund the government's borrowing. But Sean O'Leary, policy analyst with the West Virginia Center on Budget and Policy, says it is important to remember that Social Security's accounts are separate from the rest of government, and that federal bonds are about the safest investment possible.

"Instead of the money just sitting there doing nothing or putting it into the stock market, which we all know is very risky, they buy treasury bonds with it. Just the interest alone on that is good for another 14 years before you have to start cashing in the bonds."

O'Leary says that before Social Security, many low-income seniors were stuck in desperate poverty. He says the program is still vital in a place like West Virginia, with an older and poorer population.

"More important in West Virginia than most any other state in the country. For the lower-income, older-population state like West Virginia, very important."

Some members of Congress have proposed cutting Social Security benefits or raising the retirement age as part of reducing the federal deficit. But Nancy Altman says some of them are using the federal budget as an excuse to alter Social Security by arguing, falsely, that the program is running out of money.



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