Fact-checking Hillary on Social Security
Posted: Thursday, November 15, 2007 9:49 PM by Mark Murray
From NBC's Mark Murray
LAS VEGAS -- She said, "Social Security was on a path to being solvent into 2055," when talking about the fiscal situation Bush inherited -- and then squandered -- when he took office. But again, we must make this point: A 2001 Social Security Board of Trustees report, released just a couple of months after her husband left office, said the program would remain solvent until 2038, not 2055. And now, Social Security's solvency is 2041, per the Trustees.
Also, she said that raising the income cap on Social Security taxes would amount to a trillion-dollar tax increase. Yet the AP overheard Clinton last month telling a voter that she might consider such a hike on that cap, if there was a gap in protecting those making less than $200,000.