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Nobody can be given a handout from my 401K or IRA.
So sad that so many Americans don't value the freedoms that we have been given.
People should stand on their own two feet and stop mooching and whining.
With freedoms come responsibility.
Hey,...just used your own definition: "Any time that someone receives more than they put in, it's an entitlement".
Maybe you need to clean up your definition of "entitlement". When the government forces one to pay into the Social Security system, it is hardly an "entitlement".
...well, if you only were to get back exactly what you paid in, yes it wouldn't be an entitlement...just whip out that pesky calculator and you'll see, you get back way, way more than you put it...=...entitlement..
If you live past the age they allow you to start drawing at. When I was 62 a SS worker convinced me that I should start drawing it because I might not live to 65 and would have to live to 85 if I waited to get the money I could get during the waiting period. I took her at her word and have been drawing for 16+ years. People like me make it what you call an entitlement. Of course, I am still paying into it and have been doing so for over 66 years.
I really don't think you people who believe pols who call it an entitlement do a lot of thinking about what it was when FDR first got it installed. If the Congress could have kept their fingers out of the treasury of SS there would have been over $3 trillion more in it than there is now. I think the entitlement involved there was the "surplus" of SS money the Congress spent all those years as if they were income taxes.
One of the issues with SS was , it was never designed to cover wives and children. so the funding wasn't created to cover that. Yes people live longer. and that doesnt help. not even with the decrease in early withdrawal.
It's sad but the age should probably be increased. when you change the odds of people dying and not collecting the system can work.
One of the issues with SS was , it was never designed to cover wives and children. so the funding wasn't created to cover that. Yes people live longer. and that doesnt help. not even with the decrease in early withdrawal.
It's sad but the age should probably be increased. when you change the odds of people dying and not collecting the system can work.
I think you may find that part of the original name of the thing was SS and Survivors Insurance. Yes, you are totally wrong as to what it was originally established for.
Now maybe a little bit of means testing would be a good thing. For instance, I bet that all of the wealthiest people in the nation all collect SS although they don't need it, at all. Actually most of them have been paying the maximum amount for a long time so are collecting more money than some who really need it.
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