Skip to comments.Democrat: Gov't Has No Contractual Obligation to Pay Social Security Benefits
Posted on 09/14/2011 2:38:29 PM PDT by Nachum
click here to read article
Justices Rule Police Do Not Have a Constitutional Duty to Protect Someone
WASHINGTON, June 27 - The Supreme Court ruled on Monday that the police did not have a constitutional duty to protect a person from harm, even a woman who had obtained a court-issued protective order against a violent husband making an arrest mandatory for a violation.
at least one demonrat has come to the realization the gubmint cannot do everything for every one .especially when it’s broke.
Funny, but I don’t recall any other tax which tracks my contributions and sends me a yearly account total of what I’ve paid into it and what I’m eligible to withdraw.
How anyone (read Troll) can think it’s a just another tax, subject to crony, government discretionary spending, is beyond comprehension.
In simpler terms: GET OUTTA HERE!
If you wait until 70, you get a bigger check.
Uh, no, that is not what it means at all.
You're not eligible to withdraw ANYTHING. If you don't believe that, send the SS Admin a request for a refund.
If you live long enough, the government MAY at its discretion, send you payments, subject to the whims of Congress.
Because it is and has been since the beginning and there were three Supreme Court cases that held this to be the case.
In 1935 the Democrats rightfully feared that a separate pension system would be ruled an unconstitutional use of federal government power by the Supreme Court(because it would be). So they set it up as a use of Congress' income taxing power and paid the draws out of the US Treasury account.
The point is that the government can and does change the payout provisions in the statutes whenever it wants. You pay in according to what the statutes require at the time you are working and then you collect according to what the statutes say at the time you are eligible for benefits. However that changes over the course of your working life is up to Congress. You have no legal right to collect anything. If Congress simply eliminates the program and declares that henceforth no one collects anything then that will be what you get.
Fleming v. Nestor
SCOTUS ruled on this in Flemming v. Nestor
4 decades ago there weren't 100 trillion in unfunded liabilities and there weren't 10,000 baby boomers becoming eligible for SS/Medicare every single day for the next 15 years.
He must be planning on pulling some sort of trick and is only telling the truth in order to confuse us!
You do not have the legal right to opt out of paying this tax.
Yes indeed and some generation is going to find that out!
They think a few welfare cuts, and eliminating some government departments and all will be well. They can't grasp that in a short time if payments continue as they are, the government could completely eliminate all of itself except for a SS/Medicare check mailing facility and still run a deficit.
Good idea. End it don't mend it. Phase it out and replace it with private savings accounts. Just like GWB said in 2004.
guess ya didn't read the title of the article did ya...
"Full faith and credit" refers to actual debts such as U.S. Treasury Bonds. As the 'Rat Congressman has helpfully pointed out, Social Security benefits simply are not debts that must be paid.
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