- Sep 27, 2012
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You are correct. Thanks.Some recipients of SS didnt earn a penny. Like Bush92 stated earlier, some of it gets used beyond its intent. Like a worthless, jobless father dying and his 2 year old gets 400 a month for the next 16 years out of SS..It's Social Security, not welfare.LOL, how do you figure that people owning real assets instead of depending on politicians underfunded promises would "leave many in that predicament"? Do you have any grasp of finance at all? or is it that you just blindly trust whatever politicians tell you without doing any fact checking?
The fact of the matter is that by arguing for the status quo you're the one that wants to leave people with no other option than "sitting on their ass getting assistance".
It's welfare when you're taking money you didn't earn and when the SSA "Trust fund" is exhausted and shortfalls have to be completely funded out of current receipts, you're giving people money that they didn't earn or to put it bluntly you're stealing from your children.
On current track entitlements and debt service will consume the entire federal budget within 25 or so years, meaning all the other stuff (defense, social services, etc..,) will have to be paid for by increasing taxes (A LOT) on those still working or borrowing our entire discretionary budget, it's not self funding anymore that's what cash flow negative means.
It's akin to paying for your retirement by charging part of it on your child's credit cards and sticking them with the bills, that sound like a good plan to you? or does stuffing your child's retirement account with a bunch of assets you had left over when you kick the bucket and adding it to what they've put in there themselves sound better?
I'm sorry! That is the most absurd imitation of logic that I have seen in a while. Usually, to be that ignorant, one is a liberal. Calling SS "something you didn't earn" is a crock of shit, and you know it.
Shit like that.
If the father was not eligible for SS, the child would not draw against his SS. I believe you have exaggerated the story just a bit.
There are still other things though. Like SSDI