To: SkyDancer
SS is giving out money to those whove not paid into it so thats 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
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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