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Myths, half-truths and exaggerations
Here are just 5 swirling around the Social Security reform debate.
January 18, 2005: 10:02 AM EST
By Jeanne Sahadi, CNN/Money senior writer
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NEW YORK (CNN/Money) The Social Security debate is shaping up to be quite a noisy battle of idealogues, politicians, pundits and PR specialists.

That means truth or at least the whole truth delivered in context is sometimes sacrificed or exaggerated by both sides in the interest of making their point. Oh, and your friends and neighbors may have a few things wrong, too.

So beware the blarney.

In hopes of setting the record straight (or at least straighter), here is a starter list of myths, half-truths and overblown facts that have been flying around.

(Check back from time to time to see what's been added.)

Half-truth/exaggeration: Social Security is going bankrupt. Social Security is not going bankrupt.

Half-truth/exaggeration: The system is facing an $11 trillion shortfall.

Half-truth/exaggeration: There is a surplus. There is not a surplus.

Myth: Benefits will be cut for today's retirees.

Myth: Social Security benefits are guaranteed.


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