[dinodino]

Your definition is wrong.

http://www.auburn.edu/~johnspm/gloss/entitlement_program

Social Security is completely unsustainable. Recipients receive much more than they paid in. It is a giant Ponzi scheme and needs to be terminated for the good of the country.

[muawiyah]

hmm ~ no, your definition is wrong. it's a forced loan made to the government ~ it pays no interest. if you die before you are eligible for payments, you lose it all.

Most of the analyses that argue that recipients receive much more than they paid usually ignore the employer's payments AND the fact that payments only go to those who live. They also fail to account for potential earnings should that money be invested in private equities!

I personally don't agree with the concept, but that's the way it was designed and that's what it does.

it's not an entitlement. You have to pay to qualify.

Many other government programs are deferred compensation ~ e.g. VA loans. I see them regularly identified as 'entitlements' ~ which is just total BS.

[ridesthemiles]

Social Security is completely unsustainable. Recipients receive much more than they paid in”””

Have you included this item in your calculations?::

Any person who has paid into Social Security-along with the matching funds from their employer gets only a ‘death benefit of $255 when they die-—before they draw a single month of a soc sec check.

There are millions of people who die/get killed/ etc, before they turn 65. They get nothing.

[cherry]

for the older generation, they ARE getting much more than they ever put in...much much more...my mil hardly ever worked and both her and my fil have had a no college costs/no wedding costs/ early retirement in their mid 50's...they're now in their 80's.....they have racked it in..

and then my sil...their dtr....who hurt her neck and was on SS disability for all of her kids young years...probably about 15....before she got "better" and took a phoney job with under the table money.....then she got disabled again....

so just in my extended family....didn't talk about my "disabled" bil...but there's several people drawing huge pay for very little contribution..

and yet myself with nearly 40 yrs of working in a hospital somehow I'm not "entitled"????