Last week's
column, "Is There a Way Out?", generated quite a few responses, some
a bit angry. Some people were offended by my reference to Social Security and
Medicare as entitlements or handouts. They said that they worked for 45 years
and paid into Social Security and Medicare and how dare I refer to the money
they now receive as an entitlement. These people have been duped by Congress
and shouldn't be held totally accountable for such a belief. Let's examine the
plethora of congressional Social Security lies. I'll leave the Medicare lies
for another column.
The Social Security pamphlet of 1936 read,
"Beginning November 24, 1936, the United States Government will set up a
Social Security account for you. ... The checks will come to you as a
right." Therefore, Americans have been led to believe that Social Security
is like a retirement account and money placed in it is their property. The fact
of the matter belies that belief. ……The
court held that Social Security is not an insurance program, saying, "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 any
way." In a 1960 case…..the Supreme Court held, "To engraft upon the
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." - See more at:
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