Reply #5: Social Security is NOT an entitlement

[Citizen Worker]

Social Security is an insurance program to which each and every wage earner contributes 8.7% of her/his income and the employer contributes an identical amount. Please refer to it as an insurance or savings program and not an entitlement that many may deem a giveaway akin to being on the dole.

But I fear that just as it took a "democrat" to "end welfare as we know it," ram "free trade" down our throats it will take a "democrat" to "reform" Social Security and it will be accomplished through Obama's Blue Ribbon Commission thus giving cover to the political class just as was done with Reagan's Social Security Commission. That effort resulted in the largest tax increase in history on the working class and the politicians claimed they were only following the recommendation of the "bipartisan" commission.

We must be vigilant because the first boomer retirement wave will wash ashore in 2011.