Quote:
Originally posted by mikester
... it was intended to help those who needed it most like the disabled and the elderly who truely needed it...
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No. Benefits for the disabled and elderly all became part of the program much later. The Social Security TRUST was intended as a source of retirement income for ALL workers who have contributed to the TRUST fund.
There is no "needs test" for SS benefits. Never has been. If and when they apply needs testing to the Social Security TRUST, a fundamental tenet of the program will have been breached. Imagine if they apply a "needs test" to your 401K. Maybe the government will feel they can do more of thier "good work" with a part of your 401K savings because there are so many others who have less than you do. Get the general idea?