Social Security is a TRUST, not an entitlement program like other government programs. There is a difference. We have the IOUs to prove it. Instead, supposed conservatives join the Democrats in calling for boomer heads.
“We have the IOUs to prove it. Instead, supposed conservatives join the Democrats in calling for boomer heads.”
An IOU is better than a paycheck deduction we’re told is to pay current retirees, for a program from which we will never benefit.
I guess they should just stop telling us that.
I have no beef with boomers; I feel bad that their children are fighting for the right to euthanize them (seriously).
Social Security is nothing more or less than a social insurance scheme.
This has been ruled on by the Supreme Court as of 1960 in the case Flemming v. Nestor. No one who pays social security taxes has any property right interest in any future benefits that might be paid out. Also, the Congress can alter (increase or decrease) the payouts or eliminate them entirely.
The case arose out of a communist who was being deported back to eastern Europe. He claimed that since he paid into Social Security, he was due a payout on his way out of the country because it was money held in trust for him later on. The SCOTUS said “Sorry, no, Social Security is just a social insurance scheme.”
And that’s the real truth of Social Security.