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Purposes of, and sources of funding for, Social Security

Discussion in 'Political Issues' started by G17Jake, Jul 5, 2012.

  1. G17Jake

    G17Jake

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  2. G17Jake

    G17Jake

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    At least we know SS is a tax. They admit it.

    And all this time I thought they were saving my money for me so I could use it later because I might invest it in something risky and lose it all. :rofl:
     
    Last edited: Jul 5, 2012

  3. certifiedfunds

    certifiedfunds Tewwowist

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    You mean like buying into a Ponzi scheme?
     
  4. beforeobamabans

    beforeobamabans FYPM

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    I just want my money back.

    Ron Paul is the last politician I vote for that would have cut my benefits.
     
    Last edited: Jul 5, 2012
  5. G17Jake

    G17Jake

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    Right. The government doesn't like the competition.
     
  6. Rabbit994

    Rabbit994

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    So can we cut you off your medicare once you have spent all that money as well?
     
  7. certifiedfunds

    certifiedfunds Tewwowist

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    Yes. Absolutely.

    What? You expect someone else to pay for your healthcare?
     
  8. janice6

    janice6 Silver Member

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  9. samurairabbi

    samurairabbi Dungeon Schmuck

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    Note that first link the OP gave. The original Social Security Act of 1935 established much more than the old-age "pension" system; it included stuff like unemployment insurance and AFDC. In intervening years, many of those programs were broken out of "Social Security" and given other revenue sources OUTSIDE the original payroll tax. Nowadays, people use the term "Social Security" to mean the pension, disability, and Medicare setups. Many programs that BEGAN as Social Security are no longer Social Security.

    The Supplemental Security Income setup is ADMINISTERED by the Social Security Administation, but is financed by Federal general revenues. Most of the people you see at a Social Security local office are SSI people, and their presence can give a misconception that payroll tax money is paying for THEIR benefits.
     
  10. Brucev

    Brucev

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    Re: OP. Complete waste of time. To put it more bluntly... the genie is out of that bottle. No matter how much you whine and complain, you can't unring that bell. It's done. You'll have to live with it.