Posted on 04/23/2011 8:27:36 AM PDT by JustTheTruth
Social Security is not a handout, people are forced to pay into it.
I am 66 years old and self employed. I pay 7500 a year in Medicare tax and my monthly premium for Medicare is 375 monthly. I do not call that a handout.
“Not to say you’ve got a flawed argument, but it is not sufficient to the case. If I and 90 million others are under the impression we BOUGHT AND PAID FOR a government obligation,”
Yes FICA Bought and paid for government obligation. The question is who is the government obligated to whom and went? The revenue from the bond sale goes into a general fund and then handed out to whoever the elected elite decides should get the money. Then sometime in the future when the bonds become due they pay it back with money that is NOT WORTH as much.
Money always varies in value. That’s a different issue.
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