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re: The payroll income cap increases every year. Why is SS going broke?
Posted on 4/3/24 at 2:17 pm to armtackledawg
Posted on 4/3/24 at 2:17 pm to armtackledawg
quote:
SS is not an insurance program.
Then why is it officially called the federal "Old-Age, Survivors, and Disability Insurance "(OASDI) program?
Why are premiums paid out through the, "Federal Insurance Contributions Act" (FICA)?
Maybe we should finally go ahead and acknowledge it for what it is.
1
Posted on 4/3/24 at 2:22 pm to WildTchoupitoulas
quote:
Then why is it officially called the federal "Old-Age, Survivors, and Disability Insurance "(OASDI) program?
Why are premiums paid out through the, "Federal Insurance Contributions Act" (FICA)?
Maybe we should finally go ahead and acknowledge it for what it is.
You are right, the disability portion is an insurance program. The retirement part is a forced, earned and paid for benefit.
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