[bray]

Not only is there supposed to be a trust fund but they take 15% of our wages every month in SSI and another 7% in Medicare. Why can’t they use that money to pay granny?

Pray for America

[upchuck]

Not only is there supposed to be a trust fund but they take 15% of our wages every month in SSI and another 7% in Medicare.

For 2010, the Social Security withholding was 6.2% for wages up to $106,800 in wages. The Medicare withholding was 1.45% with no limit on wages.

For 2011 only, the FICA (Social Security) percentage was lowered to 4.2%

Though not directly related, the employer pays the same amount as the employee.

Source 1
Source 2

[TomGuy]

Not only is there supposed to be a trust fund but they take 15% of our wages every month in SSI and another 7% in Medicare. Why can’t they use that money to pay granny?

About 60 million receive some type of SS benefits. No president or presidential wannabe is going to alienate The Gray Panthers. Social Security checks/deposits will go out on schedule.

Obama's bluff was to the Republicans, not to the seniors.

[DrDude]

Great article by the way. fist time I saw one of yours.

Now, Don’t you know that 22% for SS and medicare is really going to the displaced Palestinians. Food, clothes, travel, free houses in US, free education, etc... Now do you really Osama/Obama to cut into that?