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Old 08-05-2012, 12:05 PM
 
Location: San Antonio Texas
11,431 posts, read 19,003,195 times
Reputation: 5224

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Is Social Security still a good deal for workers? - Yahoo! News

Like the reader in the article, I used to think that Social Security was a "good deal". From what I've seen working with the elderly, I'm convinced that it's a horrible deal. Like Chief Justice Roberts opined, it's a TAX quite simply just like the ACA. Enacting Social Security in the 1930s must have been like the "stimulus" of its day. When you think of very poor, desperate elderly people receiving a monthly check that they didn't pay for, it's easier to see why FDR was held in such high regard by them.
If FDR didn't want to use it for political posturing/stimulus purposes, he should have made those people pay something into it and start collecting about 20-25 years later.

Some brave Congress and/or POTUS will have to deal with this. It is way too unfair for taxpayers in this day and age.

OTOH, this country should shoulder the defense burden on other countries like China and India. We cannot afford to the world's policemen when our own country is falling apart. Why should other countries be allowed to provide for their citizens because they are coasting off of the US's defense machine, an expense that they don't have to pay.
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Old 08-05-2012, 12:10 PM
 
9,848 posts, read 8,283,089 times
Reputation: 3296
A deal for the working workers? No.

The ones who retired and get all their money out in about three years and still collect far longer than that? Yes.
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