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To: milton23

I find it interesting that I often hear that Social Security is in danger of running out of money.

I find it interesting because I never hear of welfare being in danger of running out of money.


64 posted on 07/26/2016 10:46:49 AM PDT by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: Sergio

The difference is that Social Security is presented as a pension program. In the aggregate, contributions + investment income = expenditures ... or so they say. They say it’s “running out of money” because expenditures are going to exceed income.

Direct welfare payments, on the other hand, are funded out of general revenue. If more revenue is needed, just tax the people more.


72 posted on 07/26/2016 1:25:03 PM PDT by Tax-chick ("How sad for civilization." ~ hal ogen)
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