Thursday, December 15, 2011
Politicos in Washington D.C. keep telling citizens Social Security and Medicare are "entitlements" and if they keep repeating this lie often enough people might start to believe it.
Fact is these are "EARNED BENEFITS". Every working person who collects Soc. Security and Medicare had money deducted from their pay over their entire working careers. The amount each person collects is based on how much they paid into the system. Medicare was also deduced from each persons pay and those on Medicare pay about $100/month for straight Medicare Part B and more if they opt for an Advantage Plan with a private insurance company.
All the people now receiving their earned benefits had no choice in the matter of enrollment for these programs during their working years. I was more than a little shocked to see how much was deducted from my pay when I got my first job. I got $1/hour which was the minimum wage back in 1963 and was dismayed at how little was left after deductions. I got past all that in time and accepted it as something that would be there if I lived long enough to actually retire.
Medicare was first approved in the Kennedy Administration back in the early 1960's. The running joke at the time was if it didn't pass muster with Congress everyone needed to try and stay young. Older people before Medicare either had the cash to pay for medical care or they simply died from neglect.
Most people end up paying Social Security and Medicare over what usually is a 40+ year working career. When I hear Congress and the President calling Social Security and Medicare "entitlements" it really strikes me as an outright lie to people who have paid into these two "earned benefit" programs. The root of the problem is the fat cats in Congress spent the money and are now trying to weasel out of the loans made to the government via these two non-optional programs.
Posted by Paul Alldredge at 9:01 AM