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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Bernie Sanders Proposes S... » Reply #19

Response to Cryptoad (Reply #18)

Sat Feb 18, 2017, 05:55 PM

19. Say what?

OK fine, call it a tax - it is in the generic sense of the word, though by design it was/is intended to something more akin to an insurance premium.

I think you may be confused by the phrase "gen revenue"? It doesnt refer to the entire pot of $$$$ going into federal coffers..........it means tax or other revenue that is collected by govt for general purposes, as opposed to a trust fund or entitlement which is paid into for specific purposes - eg workers comp, Meidcare, FICA, etc.

BTW, "entitlement" is not the bad work repubs make it out to be. It means simply that since you paid into it you are "entitled" to the benefits. As opposed to welfare programs, which must be allocated out of the general funds and is at the mercy of the political whims of the day.

Hate to break it to you but if youre saying SS is, or should be a welfare program coming out of gen funds - THAT is the right winger POV.

Now, to further confuse the issue there has been in recent years smaller amts of $$$ transfered from gen funds into SS trust fund (eg interest on loans taken out of SS funds) but thats a conversation for another day.

The point is - SS needs to be strengthened, not whittled away or defunded by diverting some $$$ to Wall Street or weakened or made into a welfare program.

All I can say is I wish I lived in the alt universe where AL GORE was president and the FICA funds all went into the lock box.

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Arrow 21 replies Author Time Post
DonViejo Feb 2017 OP
cstanleytech Feb 2017 #1
BainsBane Feb 2017 #6
cstanleytech Feb 2017 #9
Bernardo de La Paz Feb 2017 #11
cstanleytech Feb 2017 #15
Judi Lynn Feb 2017 #2
tenorly Feb 2017 #21
murielm99 Feb 2017 #3
JudyM Feb 2017 #4
Cryptoad Feb 2017 #5
Kashkakat v.2.0 Feb 2017 #17
Cryptoad Feb 2017 #18
LineLineLineLineNew Reply Say what?
Kashkakat v.2.0 Feb 2017 #19
Glamrock Feb 2017 #7
George II Feb 2017 #8
YOHABLO Feb 2017 #10
Doreen Feb 2017 #12
Kashkakat v.2.0 Feb 2017 #13
Kashkakat v.2.0 Feb 2017 #14
tenorly Feb 2017 #16
Kashkakat v.2.0 Feb 2017 #20
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