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To: Will88
People who saw 6% deducted from their pay for forty years might think they did 'save'.

Don't forget the other 6% that their employers 'contributed'.

63 posted on 07/08/2011 8:10:06 AM PDT by Bob
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To: Bob
Don't forget the other 6% that their employers 'contributed'.

I'm not forgetting it. And it continues to amaze me how exercised some here get about SS. SS is not an example of some unearned entitlement, but of a programs that provides a basic retirement benefit for workers who paid into the system for a minimum number of years, and also a program that built up a $2.6 trillion dollar surplus that would have carried it until 2037 IF

Our reckless members of Congress and presidents hadn't begun spending it for general fund purposes decades ago. SS needs reform, but people should also consider what sort of nation we'd have with many millions of elderly with no source of income.

Nobody's bothered about welfare and medicaid and the $950 billion annually paid to working age Americans who don't work, or work in lower paying jobs. We just get this Pavlovian dog response whenever SS is mentioned.

68 posted on 07/08/2011 8:26:42 AM PDT by Will88
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