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8:27 a.m. - 2005-08-24
I could talk about...
It's been awhile and I just couldn't resist.

In response to Incredipedro's entry today...

Here�s some basic highlights of the article

Three-quarters of the money that�s collected in Social Security taxes goes right out the door again in the form of benefits to Social Security recipients. The surplus that isn�t needed to pay benefits is loaned to the federal government to pay for other programs.


Or�


The idea that U.S. lawmakers don�t pay into Social Security is 20 years out of date. Before 1984, U.S. representatives and senators -- like all other federal employees -- weren�t covered by Social Security and didn�t pay into the system. Congress passed a law in 1983, which took effect the next year, requiring all its members (and all federal employees hired after that year) to participate in the system.


Or�


Here�s a summary of the add-ons over the years:
� In 1939, five years after Social Security began, Congress added payments for the families of workers who died, and for retirees� dependents (such as stay-at-home spouses).
� In 1956, Congress added disability benefits for workers.
� In 1974, Supplemental Security Income or SSI was established as a welfare program for low-income seniors and people with disabilities.
� In 1965, Congress established Medicare to pay health-care costs for seniors.

If the disabled, the dependent and the survivors were booted out of the system, Social Security could pay for itself --assuming tax levels remained the same.

�The system would be more than adequately funded,� Goss said, �if only retirees were receiving benefits.�

Wow. Kinda seems like it isn�t just an overwhelming population and aborted babies. Interesting. Seems kinda like bad planning by our super duper republican based government.

Have a nice day!

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