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RE :“we are in effect rebating to the low-income groups
below $6,000 most of the payroll tax they have already paid.”

If I pay their SS and medicare tax through these tax credits can I get their benefits?? Or do they get my benefits too?

My biggest problem with SS is the middle class sees it as a pension. Many republicans use the delusional phrase “but I paid in....” . It is so annoying when republicans claim they “paid in” as if they checked a box on their income tax form for “Yes, I want to contribute to SS”. This is democrats greatest victory. You never “paid into” anything, taxes are taken from us by force if necessary. The feds are taking my (FDIC taxpayers) money and giving some to you (SS beneficiary)and spending the rest. Your money was “taken away from you and given away and spent many years ago”. It is a welfare scheme that is setup to convince the recipient they they earned it, even if they paid little or no federal taxes (Tax rebates anyone??). That way they will demand it. Democrats love it, it is their biggest victory having the middle class addicted to a welfare type redistribution system. They actually call it a federal mandatory insurance system, not a pension. You are insured against having NO income at retirement if you have met some minor work history requirements. It is also expanded to the disabled (as a disability payment) and to minor dependent survivors. Like Medicare, it is very popular with those that get it......MORE AT “

Social Security and Obama: Pension or Welfare?

I recently retired and got a statement of what I paid into SS over my 40+ years of work. That's very misleading, however, since my employers had to match those payments. So I doubled my contribution and then took my monthly benefit and tacked on a 3% raise (on average) for every year and calculated a "breakeven" point. I will break even if I live to be 127 years old. However, even that's not right.

If I took those same payments, but put them into an interest-bearing account at 5% per year, I could more than triple my currently monthly payment and never exhaust the funds! Indeed, I would be able to leave the balance to my kids. As it is now, if you die young, the gov't gets to keep everything you paid into the system.

Bush tried to privatize SS and everyone said: "Oh, I don't want that responsibility." Gees, people. How tough would it be to buy long term T-bills or CD's? But, no, people would rather sit on their lazy ass and let Congress spend their money. Absolute lunacy.