General Discussion
In reply to the discussion: If you make $50,000 per year .... [View all]truedelphi
(32,324 posts)Social Security is not costing anyone anything.
The Fund sits in its own fund, at a surplus of over 2 trillion dollars. And although the checks it sends out each month are handled and distributed by the US Fund, that doesn't mean that it should be considered to cost anyone anything from the US General Fund.
The lie of this pie chart is perpetuated by everyone out there who doesn't have to depend on Social Security. My Congressman, a Blue Dawg if ever there was one, uses this damn chart, to tell us in this county that our expected Social Security checks are a luxury. They aren't. The Hon. Mike Thompson will have a very generous pension when her retires from House of Reps.
But he is counting on his pie chart working and fooling us into thinking that Social Security is an "entitlement" and a luxury, when it really is something most people have paid into their entire lives.