Entitlements

I’m going to say it one more time–people who have given a portion of their hard-earned money over a lifetime are entitled to receive Social Security and Medicare benefits. No one is looking for a handout! They’re called entitlements because people are entitled to receive a little (and it is a little) bit back for their hard work.

Social Security does not contribute to the deficit, period. It is a trust fund. It has nothing to do with the budget or the deficit. In spite of Congress raiding this trust fund over the years, a fund which incidentally should be untouchable, according to AARP, the fund is projected to reach $4.3 trillion by 2023.

Just as the baby boomers are becoming eligible to collect, remember they represent the large working class that contributed to the fund while they worked. Those surplus funds were invested in U.S. Treasury bonds. If anything, the boomers contributed even more for the welfare of our nation just by their sheer numbers. The government should keep its promise to retirees, just as it would to any other investors.

Leave a Reply

Your email address will not be published. Required fields are marked *