Quote:
Originally Posted by Donna2
Every thing cost money. Nothing is free. The USA is going bankrupt. What don't you understand? People paid into SS and have a right to get it back. I have been putting into it for 57 years. Is that hard to understand?
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No. You have not been 'paying into it'. You've been paying the people who were retired while you were paying FICA taxes. Now you're expecting, right or wrong, for the next generation to pay for you.
Executives of private companies go to jail for this sort of thing.
Until the mid 1980s, it was still a popular myth that Social Security was a fund where they kept an account of all the money you paid in. Took a long time for the word to get out on that one.