I have noticed that shift to the word entitlement when referring to Social Security.
Social Security was set up like a retirement plan with vesting requirements to qualify and your retirement payments based somewhat on what you put in. However, it always had the word "tax" at the end of the word Social Security.
I am counting on Social Security to pay my local property taxes, otherwise I will have to sell my house or never be able to retire. How crazy is that.
So I really hope they decide to fulfill the promises they have continuously made to me over the last forty-five years.
Since they have been so nice each year to send me a statement showing how much I have put in over the years, I have been reluctant to get out the finance books and see what the net present value of that amount would be today, but not even counting the employer portion, I assume it would be staggering even with an investment rate as little as 3%.
Thank you for starting this thread, I wondered if I was the only one who was going "hey wait just a cotton picking minute".
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- by philip964
- Fri Nov 12, 2010 11:35 pm
- Forum: Gun and/or Self-Defense Related Political Issues
- Topic: Social Security Isn't An Entitlement
- Replies: 56
- Views: 8807
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