Abby Huntsman Is As Useless As Her Father

I'm not sure how Abby Huntsman ended up on MSNBC's The Cycle...scratch that.  I know exactly how she did, spouting her dad's same No Labels nonsense for the Millennials. LA Times econ reporter Michael Hiltzik has her pegged.

Abby Huntsman is really, really upset about Social Security. We know this because the television presenter, a daughter of former GOP Presidential contender Jon Huntsman, went on an extended rant about it Thursday on MSNBC's "The Cycle." The show is aimed at a younger audience of news consumers and Huntsman, 27, is one of the four youthful co-hosts.

She thinks Social Security is going bankrupt, leaving her and her generation with nothing. "This is infuriating," she said, bouncing up and down in her chair like a petulant toddler, "because none of our elected officials seem to care enough to do anything about it."

Unfortunately, almost everything she said about Social Security in the name of making it "sustainable" for her generation was wrong.

Dead wrong.

Huntsman wants to tell it like it is, but she fails due to lack of information. And if her generation believes what she said, it's going to be in deep trouble.

Let's get one thing straight:  Nobody in my generation (the youngest Gen Xers) and younger believes we'll ever see a dime of Social Security.  I still have a minimum of 35 years of work ahead of me.  For those in their early 30's, it's 40, and those in their 20's it's 45 or 50.  I understand the appeal of "after the Boomers drain the system, odds are really good there won't be a lot left for us."

But that's simply not true.

The most dire projections of the program's future say that "doing nothing about it"--no benefit cuts, no tax increases--will leave the program still able to pay 75%-80% of scheduled benefits. Not "nothing at all." And that 75% to 80% would still be much more per month 75 years from now than retirees get today.

By the way, it's also untrue that President Obama's budget plan makes "no mention of entitlement reform. None," as Huntsman claims. His budget proposes a very damaging cutback in Social Security disability, as we documented here, as well as changes to Medicare payment formulas to save money.

Huntsman has stitched her spiel together out of scraps and tatters of misinformation, of a sort we've heard from the older generation for years. They're no more accurate coming out the mouths of a "millennial." But it's tragic to see that what she's learned from her elders is how to mislead her public.

Which is exactly the platform her dad ran on in 2012.  She's just as useless.