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Jury hears Trump and Cohen Discussing Hush-Money Deal on secret recording; Nature-based solutions help solve Mississippi River Delta problems; Public lands groups cheer the expansion of two CA national monuments; 'Art Against the Odds' shines a light on artists in the WI justice system.

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President Biden defends dissent but says "order must prevail" on campus, former President Trump won't commit to accepting the 2024 election results and Nebraska lawmakers circumvent a ballot measure repealing private school vouchers.

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Bidding begins soon for Wyoming's elk antlers, Southeastern states gained population in the past year, small rural energy projects are losing out to bigger proposals, and a rural arts cooperative is filling the gap for schools in Pennsylvania and West Virginia.

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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