No, it is NOT an entitlement.Rex B wrote:By definition, it's an entitlement.
The FICA that comes out of your paycheck all those years is just a tax, just like the other federal withholding. The money goes into the general fund, not some "trust fund". And the government gives you a stipend that has no real correlation with what you have paid in.
And yes, I'm counting on it to be there as an important secondary income source in about 8 years.
Sure hope it's there, but I don't have all my eggs in that basket. I sure feel for those that do.
There was a trust fund, it is full of IOU's from the Feds. In the Sixties, the feds STOLE the trust fund and replaced it with IOU's. Originally SS was set up that it was not supposed to be touched, then Congress(Large Democrat Majorities in both houses and Johnson as President) decided that they just couldn't stand to see all that money drawing interest for the future of people who put it there. So they "changed the law" and STOLE it just like the thieves Democrat politicians have always been. Every congressman, senator and any other federal employee who is still alive and who had anything to do with that enormous theft should be put in the pen and left to rot.