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- #141
Typically entitlements refer to thing that people have paid into such as the Social Security trust fund and the Medicare trust fund,. And more recently, not letting health insurers dump you when you get sick.
Welfare cash payments (which less than 1% of Americans collect) are not strictly speaking entitlements.
So prescient of you to know where to come for an education.
As shown in the OP, 'rights' and 'entitlements' are two different things.
Good that you bring up Social Security....a from of insurance.
Can you find a place in article 1, section 8 of the law of the land that allows the government to dun one citizen to provide insurance for another?
And this....
1. " The CBO puts the 75-year imbalance in Social Security at 1.2% of GDP—about $200 billion in 2014, and rising steadily as GDP increases. If we do nothing, the Social Security actuaries estimated last year, all Social Security reserves will be exhausted by 2033,after which revenues could cover only three-quarters of currently scheduled benefits." The Hard Numbers on Social Security
a. Social Security Liability ....$14.4 trillion (into the future)
U.S. National Debt Clock : Real Time
2. The Social Security plan was that workers would pay for retirees, and, based on actuarial tables, those who died earlier than expected would add to the fund.
3. "The question here is not whether or not the intention of the SSA is beneficent, but whether or not its inception was properly vetted. The concept of a marketplace of ideas is based on the assumption that information is not buried or distorted, and all aspects of same are given access prior to acceptance of the plan."
Beck and Balfe, “Broke.”
No one considered that life expectancy would increase?
No one considered that the balance of workers and retirees might change?
No one calculated the long-term costs?
a. Like this:
Ida May Fuller, the first person to begin receiving benefits, in January, 1940, when she was 65- she lived to be 100. “…worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.” Social Security History
According to the institute’s data, a two-earner couple receiving an average wage — $44,600 per spouse in 2012 dollars — and turning 65 in 2010 would have paid $722,000 into Social Security and Medicare and can be expected to take out $966,000 in benefits. So, this couple will be paid about one-third more in benefits than they paid in taxes. Medicare and Social Security: What you paid compared with what you get
As conservatives have always banged the drum for free market solutions, plans thwarted by Liberals, socialists, Democrats, Progressives, communists, .....big government devotees of every stripe.....