posted on Oct, 8 2013 @ 11:56 AM
For those of us that don't understand what and how Social Security was initially set up, then here is a quick course in Social Security 101, because
something is very very wrong.
SS was set up in 1935 by the federal government to make sure that people that worked all their lives had something when they retired. The money is
taken from a portion of each paycheck and paid into a trust fund that is not, or was not supposed to be used for anything else except the people that
paid into it.
So basically all the money paid in should be there for every retired person. It's their money to begin with.
Here is where I think this is complete BS.
The government is threatening people that have retired and who have paid into SS their entire lives, with good faith and trust, that if the debt
ceiling is not raised their benefits are at risk.
The Social Security Administration has begun warning the public it cannot guarantee full benefit payments if the debt ceiling isn’t
When asked by the public, the agency is notifying beneficiaries that “Unlike a federal shutdown which has no impact on the payment of Social
Security benefits, failure to raise the debt ceiling puts Social Security benefits at risk,” according to a person familiar with the agency
The warning was assembled after the agency consulted with the Treasury Department, which would play a lead role in determining how the government
handles payments if the borrowing limit isn’t raised soon.
OK, Hang on here folks. This money is not dog biscuits they can hold back because a dog is not behaving, nor is it some welfare that they are
graciously bestowing upon the poor, these people paid for it their entire lives.
What is wrong with this picture here?
Speaking of welfare, food-stamps, and other freebies how is it that these programs are not cut out first, because most likely these people never paid
anywhere near what the SS people paid into the system?
edit on 8-10-2013 by Realtruth because: (no reason given)