Showing posts with label Social Security. Show all posts
Showing posts with label Social Security. Show all posts
Tuesday, October 14, 2008
The end of Social Security as an insurance program..
With the earned income tax credit, the poor with children already are not paying their full share in the "insurance" program. With an additional $500 tax credit that Obama proposes, the low-income people will not be supporting the social security at all. Also the Democrats want to increase (if not eliminate) the ceiling on the amount of earnings subject to Social Security taxes, without an increase in benefits. Thus, Social Security becomes a welfare program and not an insurance program.
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