People need to stop focusing on the Social Security retirement program and refocus on SSI. That is the program that needs closer scrutiny. After all, SSI isn't self-funded. It is paid for by U.S. Treasury general funds. And it is running amok.<quoted text>Social Security is Welfare
April 16, 2012 by Don Watkins
The Origins of Entitlement
By Robert Samuelson - April 9, 2012
WASHINGTON -- Would Franklin Roosevelt approve of Social Security? The question seems absurd. After all, Social Security is considered the New Deal's signature achievement. It distributes nearly $800 billion a year to 56 million retirees, survivors and disabled beneficiaries. On average, retired workers and spouses receive $1,839 dollars a month -- money vital to the well-being of millions. Roosevelt would surely be proud of this, and yet he might also have reservations. Social Security has evolved into something he never intended and actively opposed.
It has become what was then called "the dole" and is now known as "welfare." This forgotten history clarifies why America's budget problems are so intractable.
By Robert J. Samuelson
Monday, March 7, 2011
Why Social Security is welfare
We don't call Social Security "welfare" because it's a pejorative term, and politicians don't want to offend. So their rhetoric classifies Social Security as something else when it isn't. Here is how I define a welfare program: First, it taxes one group to support another group, meaning it's pay-as-you-go and not a contributory scheme where people's own savings pay their later benefits. And second, Congress can constantly alter benefits, reflecting changing needs, economic conditions and politics. Social Security qualifies on both counts.
Since 1990, the number of disabled-worker beneficiaries has increased 84%. Repeat 84%!!! And, asa a result, the number of disabled Medicare beneficiaries has increased nearly 70 percent since 1990. This just isn't acceptable. We need to reevaluate how we pay SSI to premature children and take a look at why disability retirements are being handed out like candy.
That's where the red ink is....not in the self-funded Social Security program.
The Social Security Trust Fund is an easy fix....raise the retirement age by one year. Not so much with SSI. It's a monster that is out of control.