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To: SkyDancer
SS is giving out money to those who’ve not paid into it so that’s where a lot of the deficit comes from.

Those recipients of SSI are receiving SS welfare for lack of a better term. Entitlement based on zero contributions or lack of enough paid-incoverage quarters to the system.

https://www.ssa.gov/OACT/COLA/QC.html

SS or SSDI is indexed by the actual EARNINGS of a wage earner of FICA taxable wages. If this was an entitlement it wouldn't be indexed by earnings and just be a fixed amount like SSI.

https://www.ssa.gov/OACT/COLA/awifactors.html
96 posted on 07/14/2017 12:53:05 PM PDT by redcatcherb412
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To: redcatcherb412

(quitting posting for a while - this page load took over three minutes to load)


97 posted on 07/14/2017 1:05:37 PM PDT by SkyDancer (You know they invented wheelbarrows to teach FAA inspectors to walk on their hind legs.)
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