At times, public officials say things that are not true, and reporters report those untrue statements. If the reporter knows that the statement is not true, the reporter has a duty to convey that in some way. But, how? The New York Times of March 8th offers a textbook example of how to do it and how not to do it.
Public figures are bound to put a certain “spin” on issues of the day, especially hot ones like, at the moment, Social Security. For those who favor a radical dismantling of the program, a popular target is the Social Security Trust Fund. Privatization proponents like to say that there is no trust fund. Here are two paragraphs of facts about the Social Security Trust Fund:
1. Back in 1983, in anticipation of the coming retirement of the so-called “Baby Boom” generation, Social Security payroll taxes were raised high enough to not only pay for current benefits, but also to set aside some extra money for the day when the boomers begin to retire. The result is the Trust Fund, which at the moment has about a trillion-and-a-half dollars in it. That'll go up to over $3 trillion by 2016. Since the whole point of the program is security, the decision was made to require the Social Security administration to keep the surplus in the most secure form possible, which is U.S. Treasury Bonds.
2. As any investor knows, when you “buy” a bond, what you are doing is loaning money to the bond-seller. And, by issuing the bond, the bond-seller agrees to pay you back, with interest, when the bond is due. Since U.S. Treasury Bonds are backed by the “full faith and credit” of the U.S. Government, almost everybody in the world thinks that Treasury Bonds are the safest investment possible. The only way there would be a problem with Treasury Bonds is if the U.S. Government were to default on it's debt, something it has never done. Whatever problems the government may or may not have in paying back the bonds it has sold, that would be the fault of the federal government's fiscal policies, not the fault of Social Security. Just like, if your employer goes out of business and you don't get paid, that is the employer's fault, not yours.
Now, despite the above facts, the President likes to say that there is no trust fund. Another person who recently said it was Senator Charles Grassley of Iowa. As chairman of the Senate Finance Committee, Grassley will have a lot to say about whatever happens to Social Security. The Times quoted him earlier this month as saying, “The trust fund is a mirage, but I still have Iowans say to me, ‘Where's the money?'”
Grassley knows very well where the money is, and so do you if you read the paragraphs above. So, what did the Times reporter, David Rosenbaum, do with this false “mirage” statement by a powerful public official? Well, the good news is that the first thing he said was this:
“But unlike a mirage, the trust fund does exist. The details are on Page 1,112 of the appendix in the president's budget for the 2006 fiscal year.” That's pretty good journalism. The first option of a reporter when someone lies, on the record, is to point out that the statement is not true, citing the most credible source you can find. (We can debate about how credible the President's budget is, but that's another subject!)
Now, if Mr. Rosenbaum had left it at that, readers could have decided for themselves which explanation for Grassley's statement is more plausible: ONE: That Mr. Grassley doesn't know anything about the Trust Fund, or how bonds work, or about the Social Security law, or TWO: that Mr. Grassley is – and I don't use the word lightly – lying.
I guess the Times reporter didn't like the idea of readers choosing one of those two explanations, so he made up a third. His very next sentence was this:
“What Mr. Grassley meant was that the significance of the trust fund is limited.”
Well, as I am fond of saying, reporters are not mindreaders (much as they might like to be), so Mr. Rosenbaum does not know what Mr. Grassley may have meant.
What Rosenbaum does know is what Grassley actually said, and he actually said that “The trust fund is a mirage.” And when a public figure utters such an amazing falsehood to a reporter from a major newspaper, it's not the reporter's job to read his mind, or to make up excuses for him. It's the reporter's job to report what people say and how it fits with the facts. Journalism, after all, is journalism, and public relations is supposed to be something else entirely. |