Purposes of, and sources of funding for, Social Security [Archive] - Glock Talk

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G17Jake
07-05-2012, 21:03
Just in case you want to know...

http://www.socialsecurity.gov/OP_Home/handbook/handbook.01/handbook-0100.html

Sources of Funds for Social Security and Supplemental Security Income Benefits

http://www.socialsecurity.gov/OP_Home/handbook/handbook.01/handbook-0136.html

G17Jake
07-05-2012, 21:09
At least we know SS is a tax. They admit it.

And all this time I thought they were saving my money for me so I could use it later because I might invest it in something risky and lose it all. :rofl:

certifiedfunds
07-05-2012, 21:24
At least we know SS is a tax. They admit it.

And all this time I thought they were saving my money for me so I could use it later because I might invest it in something risky and lose it all. :rofl:

You mean like buying into a Ponzi scheme?

beforeobamabans
07-05-2012, 21:31
I just want my money back.

Ron Paul is the last politician I vote for that would have cut my benefits.

G17Jake
07-06-2012, 14:11
You mean like buying into a Ponzi scheme?

Right. The government doesn't like the competition.

Rabbit994
07-06-2012, 14:50
I just want my money back.

Ron Paul is the last politician I vote for that would have cut my benefits.

So can we cut you off your medicare once you have spent all that money as well?

certifiedfunds
07-06-2012, 21:25
So can we cut you off your medicare once you have spent all that money as well?

Yes. Absolutely.

What? You expect someone else to pay for your healthcare?

janice6
07-06-2012, 21:35
This was it's original form: http://www.ssa.gov/history/genrev.html


Thank you politicians.

samurairabbi
07-06-2012, 22:35
Note that first link the OP gave. The original Social Security Act of 1935 established much more than the old-age "pension" system; it included stuff like unemployment insurance and AFDC. In intervening years, many of those programs were broken out of "Social Security" and given other revenue sources OUTSIDE the original payroll tax. Nowadays, people use the term "Social Security" to mean the pension, disability, and Medicare setups. Many programs that BEGAN as Social Security are no longer Social Security.

The Supplemental Security Income setup is ADMINISTERED by the Social Security Administation, but is financed by Federal general revenues. Most of the people you see at a Social Security local office are SSI people, and their presence can give a misconception that payroll tax money is paying for THEIR benefits.

Brucev
07-07-2012, 07:40
Re: OP. Complete waste of time. To put it more bluntly... the genie is out of that bottle. No matter how much you whine and complain, you can't unring that bell. It's done. You'll have to live with it.