Sadly, you are absolutely correct.
If Social Security had not been raided under Johnson, and if SSDI was a separate program, then Social Security would be solvent for the next 50 years.
“Entitlements” is money given to people who did not earn it. That would not be social security and medicare becausethe people who get that benefit paid into it their who working lives and planned on it for retirement. The other plan of liberals (they held hearings on this) would is to grab everyone’s retirement funds to fund a new entitlement of retirement to replace the SS and medicare money the government stole from retirees. That is the plan of Obama.
Why? Because it’s whitey money. His entitlement voters are not middle class whites who contributed to SS and medicare and who save money for retirement. It’s racial and generational based wealth transfer. Don’t cheer him on. It’s racist and ageist theft in the name of balancing the budget.
Sadly, you are absolutely correct.
If Social Security had not been raided under Johnson, and if SSDI was a separate program, then Social Security would be solvent for the next 50 years.
If Sequestration goes through and the tax cuts expire in the "fiscal cliff" that everyone keeps talking about, then your SS and Medicare is in great jeopardy. That's just the way it is.
And THAT is what Obama must soon face.
Unfortunately, that TOO would be SS and Medicaid. The amount paid out greatly exceeds that paid in (even with the measly 1% return rate).
Again, we’re debating using the other teams rules and verbiage.
We should be screaming about privatization (own it, cash it out, pass it on after death) vs. a government ‘promise’ that doesn’t amount to a hill of beans (especially if one dies before claiming cent 1)
We should be screaming NO re: means testing. How would I know, at 15, if I’d be rich or not at 65? But, if I AM, you keep all the $$ I put in??