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Originally Posted by James Earl Zones
Originally Posted by rashi
Originally Posted by James Earl Zones
http://blog.heritage.org/?p=55842
http://www.justfacts.com/news.impactSS.asp
http://zfacts.com/p/461.html
http://moneywatch.bnet.co...-should-be-worried/1608/
http://whatreallyhappened...CLES/ARTICLE2/doodoo.php
We are losing.
Social Security is not and never has been a "trust fund" or an "insurance program".
Helvering v. Davis 1937
"The proceeds of both employee and employer taxes are to be paid into the treasury like any other internal revenue generally, and are not earmarked in anyway."
Which means the taxes go into the General Fund, not a "trust fund".
Fleming v. Nestor 1960
"To engraft upon Social Security system a concept of "accrued property rights" would deprive it of the flexibility and boldness in adjustment to ever-changing conditions which it demands."
Which means it is not your money.
SSA.gov
"Entitlement to Social Security benefits is not [a] contractual right."
Which means:
U.S. Government - "F-U pay me."
http://www.ssa.gov/oact/progdata/fundFAQ.html
Eh. What can we do at this point is the question.
Party like we're French.