Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: where you sip the tea of the breasts of the spinsters of Utica
8,297 posts, read 14,158,957 times
Reputation: 8105
The guy in the video doesn't know what he's talking about. It might be better to learn from an expert, or at least read the relevant articles on Wikipedia or some other encyclopedia.
Social Security is solvent at this time, it hasn't outspent itself. Other agencies borrow from it, but those are loans repaid with interest.
Technically everything...
Welfare can be awarded regardless of taxes paid. In other words SS is based on individual contribution. Yes disabled receive supplemental income which is seperate. Social security is and always was designed to be a supplemental income to compliment what we saved for ourselves.
Welfare is a handout that requires no previous input for anyone receiving it.
Welfare has a time limit for how long you might receive benefits at one time. Welfare is based on income. The less you have and the more children you have pays more. SS is not affected in regard to family size or current income.
To name a few differences. In other words SS is our government managed retirement acct.
The guy in the video doesn't know what he's talking about. It might be better to learn from an expert, or at least read the relevant articles on Wikipedia or some other encyclopedia.
Social Security is solvent at this time, it hasn't outspent itself. Other agencies borrow from it, but those are loans repaid with interest.
Social Security is YOUR money that the government confiscated from you when you first started your very first job. They are dribbling it out to you with no interest, if you started working at a very early age, you will never get it all back, the governement robbed you at near gun point. However, if you are a housewife, got married and never earned income, you get social security free. If you are an immigrant, legal or illegal, and never contributed to the system, you get more free stuff. The only person who's screwed is the person that worked and contributed to social security all his life. That's the way government works, screw the working person. So, yes, if you never contributed to social security, it's no different then wellfare. Now you know why aliens vote d'RAT's to power, -they get free stuff at the working persons expense.
There is no law that requires the government to pay you either SS or welfare. It's funded at the discretion of Congress on an incremental basis. If they stopped tomorrow, other than the political implications, there would be no legal recourse for grandma.
WF - people take $$$ from the people who pay into SS
Tell me the difference when you are 80, the stockmarket crashed(or an greedy kid spent up your savings). I hate to tell you this but unless you live a short life, you can not work you whole life esp. at something manual. You can save but the problem is you never quite know when you will die and your medical costs typically rise over time. Thoose two factors mean you need SS. Last thing you want to do is live to be 100 and find that you over drew your savings cause you expected to keell over at 85! Oh and I forgot inflation!
Technically, a whole lot. One is needs based and the other isn't. You can be a mega-millionaire and collect social security. Personally, I would be more than in favor of establish a needs test for both medicare and social security. A very high test level but a needs test nonetheless.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
