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so if im paying in all this money on the premise it will be there for me when i retire how is that considered an entitlement?
The first reported Social Security payment was to Ernest Ackerman, who retired only one day after Social Security began. Five cents were withheld from his pay during that period, and he received a lump-sum payout of seventeen cents from Social Security.
The first monthly payment was issued on January 31, 1940 to Ida May Fuller of Ludlow, Vermont. In 1937, 1938 and 1939 she paid a total of $24.75 into the Social Security System. Her first check was for $22.54. After her second check, Fuller already had received more than she contributed over the three-year period. She lived to be 100 and collected a total of $22,888.92.
Originally posted by WeAreAWAKE
WOW...even MSNBC (not FOX) has some concerns over this. Here is the link.
A deal that saves the US economy? No — it may have made it worse
Originally posted by ren1999
You all talk about our children's future? There is no future. The U.S. is ending right now.
The bill, which imposes sweeping new spending cuts over the next decade, was approved in a 74-26 vote; 60 votes were required for passage.