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StreetScooby

Bernanke – My Goal is to Wreck Social Security

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Yep. You came into the Ponzi late and didn't have the chance to opt out. Remember that with any Ponzi scheme, those who get in early get a big return on investment and those who get out late lose big. The sooner they are stopped completely to less damage is done.

And look at the political price. Dingell and Inoye and maybe Conyers are the only Congresspersons who were around during the Great Society legislations that really got this going. The others passed the costs forward and aren't around for the consequences.


My wife is hotter than your wife.

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How do you know? I'm guessing with your time in the sport, you're fairly young. I have known many that have become disabled (or have died) and end up on SSI, with a couple of young kids, it could add up to hundreds of thousands in benefits.



We are mixing apples and oranges here. SSI (supplemental security income), although administered by the same Social Security Administration that administers Social Security benefits, is not funded through Social Security taxes and is not an earned benefit. It is for people who do not have enough of a work record (enough quarters of credit) to draw on the disability benefits portion of Social Security. Perhaps you were thinking of SSDI--different programs.
"What if there were no hypothetical questions?"

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SSI is paid regardless of a private policy, SSI is also paid to surviving children regardless of assets.

I'm still curious how anyone can pay over 15% of their income in SS tax.



SSI is means tested. It is not paid to surviving children. Both of your statements are true when applied to SSDI but not SSI.
"What if there were no hypothetical questions?"

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SSI is paid regardless of a private policy, SSI is also paid to surviving children regardless of assets.

I'm still curious how anyone can pay over 15% of their income in SS tax.



SSI is means tested. It is not paid to surviving children. Both of your statements are true when applied to SSDI but not SSI.



Thanks for catching that, I forgot the D.

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