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No welfare here. Just pay me back without interest everything I've paid in over the 43 working years that I've paid in and I'll be ecstatic.
A close friend of mine died a month ago 1 month before his 62nd birthday where he could have started receiving reduced SS payments. He paid in all those years and collected zippo. Think about how many people die before they can collect one penny and have paid in for decades.
Those that are allowed to collect SS payments without having paid in a dime ARE collecting the equivalence of welfare.
This is why I am pi$$ed off. SS is not welfare, I earned it. It has not been given to me by the almighty government teat to make sure I keep the same worthless idiots in DC. No one is doing me a favor, or buying my vote by giving me something that I didn't earn.
To be more clear: You didn't EARN it. That's not quite right.
Rather, it is YOUR MONEY to begin with.
The GOVT. has been taking money from you your whole working life and you are definitely entitled to what is yours and I'd argue, should never have been taken in the first place.
You are technically correct. But some people like to use the word 'entitlement' in a different context, i.e. 'welfare' or 'handout' for whatever agenda they are pushing. I think that's what the OP has a problem with, as do I.
Tho in some instances SS IS a handout. That is part of the problem of the SS system and why I favor reform. If you paid in you should have every reason to expect money back. If you did not you are a leach to the system.
I think you hit it. The media is lumping SS in with welfare to give a much larger percentage connotation. I'm still pi$$ed
So are Herberts...
Quote:
Originally Posted by SAL9000
Yes, both Social Security and Medicare are welfare programs, and in fact they are the world's largest welfare programs, compromising ~40% of ALL federal US government spending.
Social Security is an insurance program.
Title 42 United States Code Section 402 - Old-age and survivors insurance benefit payments
(a) Old-ageinsurancebenefitsEvery individual who— (1) is a fully insuredindividual (as defined in section 414(a) of this title), (2) has attained age 62, and (3) has filed application for old-age insurance benefits or was entitled to disability insurance benefits for the month preceding the month in which he attained retirement age (as defined in section 416(l) of this title), shall be entitled to an old-age insurance benefit for each month, beginning with—
One of the original parts of SS benefits was for spouses who did not work, or did not work enough over the years because they were home makers raising children etc. Would be able to collect a benefit on their; usually husbands, account.
So in this instance they did not pay in or pay in enough but are still covered for a retirement benefit and usually survivor benefits.
Also minor children of SS recipients are sometimes under certain circumstances paid benefits. Other than those cases if you did not pay in you don't receive SS benefits. Now SSI is a different story and IS welfare, however while it is administered by the SS Dept. it does not come out of the SS funding.
One of the things I find frightening is the GOP eagerness to "privatize" Social Security …
See, the ultra wealthy overlords will "invest" our retirement funds and manage them for us … (uh huh, just like they managed the economy into the ditch in 2008; Don Trump's four bankruptcies … etc.) ...
One of the things I find frightening is the GOP eagerness to "privatize" Social Security …
See, the ultra wealthy overlords will "invest" our retirement funds and manage them for us … (uh huh, just like they managed the economy into the ditch in 2008; Don Trump's four bankruptcies … etc.) ...
I agree with you on that point. Just tune in to CNBC sometime & watch a few episodes of 'American Greed' and you might see why this may not be such a good idea.
One of the things I find frightening is the GOP eagerness to "privatize" Social Security …
See, the ultra wealthy overlords will "invest" our retirement funds and manage them for us … (uh huh, just like they managed the economy into the ditch in 2008; Don Trump's four bankruptcies … etc.) ...
I knew if we posted enough, you and I would agree to something. Your second paragraph can be debated to death as there's plenty of blame to go around. Neither party think of the regular citizens of this country before they think of what's best for them individually.
To expect regular folks to all have the sophistication to find investments through the years to where they'll have a retirement nest egg at retirement is foolhardy. Wall Street even for fairly savvy investors is a crapshoot. Many folks simply don't have the time to research where to put their money if working several jobs just to support their family.
The Social Security system as it was set up, WORKED. Left alone, even with the longer years people live, I have the belief that it would still be very solvent if all the money wasn't stolen from it and replaced with IOU's. As I stated on a previous post, no politician talks about all the money paid in that is never collected due to early death. Also, what's with this FICA maximum paying IN to SS stopping at only $ 118,500? Even if you make $ 10 million a year, your SS contribution stops at $ 118,500. Put in on a sliding scale and raise this WAY up.
All our most pressing domestic problems would instantly be fixed if ALL members in our government, both local and federal, would have to abide by the same rules and laws as the rest of the private citizens in this country. No pensions. You pay into social security and retire with it just like everyone else. No special health insurance. Obamacare for everyone.
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