Letter: Butch Mazzuca and fake news | VailDaily.com
YOUR AD HERE »

Letter: Butch Mazzuca and fake news

We’re in a time when “fake news” on all sides of the political spectrum has become a serious problem. That’s why I take issue with a couple of the items in Butch Mazzuca’s article about Social Security in the Jan. 6 edition of the Vail Daily.  

To say that “…$2.9 trillion in government IOUs aren’t the same as tangible assets” is silly. If it was true, government bonds, which are IOUs, would be all but unmarketable. He also compares Social Security to the Madoff fraud, saying that “…the underpinning principle of Social Security is practically identical to the predicates of illegal pyramid schemes run by con men like Bernie Madoff.”  The “underlying principle” of Madoff’s fraud was lying about investment returns, and building a Ponzi on those lies. To compare that to Social Security is ludicrous. 

Social Security does have problems, and a fact-based discussion of those problems is appropriate, but Mr. Mazzuca should remember the wise words of Senator Daniel Patrick Moynihan: “You are entitled to your own opinion, but not your own facts.”

By the way, a fact about me is that I’m a registered independent, and a centrist about most things political. 

Support Local Journalism


Pete Feistmann

Vail


Support Local Journalism

Readers around Vail, Beaver Creek and Eagle Valley make the Vail Daily’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

For tax deductible donations, click here.
 


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User