Moderator: Nicole Marie
Right, the law was changed in 1939, I think.Originally posted by Haggis:
"The 1935 act established SS as a savings program, gov't paid 3% interest and returned it to employees at 65, or to the employees' heirs."
The heirs? really? It's always been my understanding that in few limited exceptions (minors, etc) that when you died SS payments ceased.
Wah! I wants me dollars back! Wah!Originally posted by Haggis:
I've been paying into SSA since 1965. by the currrent rules when I start drawing SS in six years I will depleted my total "contributions" in less than 10 years. Any payments I draw after that will be coming out of a (then) current worker's salary.
So, I think for those who are younger than me, an overhaul is probably due. The system is almost 70 years old, no other government program has existed that long without some adjustments.
You are welcome.Originally posted by analog:
Good article in business week , thanks.
What i wanted to ask - is there a link to that article on the "disorganized in thought" ?
Not original with me. The first time I head it was one of the few times I've listened to Rush Dimbulb's radio show, many, many years ago. It works as a label in so many areas of life where I want to feel superior.Originally posted by piqaboo:
BigJon: "sheeple" - love it.
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