Pulitzer Prize-winning journalist debunks myths Social Security around

Pulitzer Prize-winning financial journalist at the Los Angeles Times, Michael Hiltzik, joined America’s Work Force Union Podcast to discuss the future of Social Security and the potential threats to the program that could come during the Trump Administration.

Hiltzik has been a prominent voice in journalism for over 40 years, writing for the Los Angeles Times. His expertise in economic and social issues has earned him a Pulitzer Prize. In a recent article, Hiltzik addressed the ongoing debate about Social Security’s sustainability and the political rhetoric that surrounds it.

Hiltzik challenged the notion that Social Security is a financial burden, emphasizing its role as the most effective anti-poverty program in U.S. history. He pointed out that the program benefits 64 million Americans, with millions more contributing through payroll taxes. Contrary to claims that Social Security drives the federal deficit, Hiltzik clarified that it operates independently with its own revenue streams and a $2.8 trillion trust fund. He also highlighted the program's unique features, such as lifetime benefits and inflation protection, which no private investment can replicate.

Addressing concerns about the program's future, Hiltzik noted that while the trust fund may face funding challenges by 2035, there's no immediate crisis. He believes removing the payroll tax cap would ensure long-term stability, arguing that everyone should contribute fairly. However, Hiltzik warned against hasty reforms, such as raising the retirement age or cutting benefits, which could undermine the program's integrity. Instead, he suggests focusing on realistic solutions that preserve Social Security's core mission.

Listen to the show above to hear more from Hiltzik and then visit the Los Angeles Times or check out his publications online.