I'm not sure what you intended by that particular comparison, but I was thinking in terms of a straight comparison of SS retirement benefits paid out, versus FICA paid in -- in deflated dollars. Someone's dollars paid into the system in 1966, say, would be worth about six times the value of the dollars paid in during the 80's, and still more than the 90's and 2007 dollars (2007 dollars were worth one 1950 dime each).
The author made it seem like the taxpayer was getting ripped off to the tune of $234000. I think the rip off is giving that much to someone for laying on their lazy butt.
posted on 01/15/2013 5:41:26 AM PST
(I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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