Fun Fact: Democrats and Social Security

Sustaining The Unsustainable

In 1937, taxation on Social Security was 1% of the first $3,000 of income. Employers matched that, for a total yearly payment of $60. Today, the rate is 7.65% of the first $95,000. With employer match that's $14,535 of wealth confiscated. Assume 15-fold inflation since 1937, and after inflation, real SS taxes have increased over 1600%. Check it out for yourself:

http://www.ssa.gov/history/pdf/t2a3.pdf

The very first recipient of Social Security got a monthly check for $22.00, the problem of course being that she had only ever put $25.00 into the system over the three years of her contribution, and eventually drew out almost $25,000.00.

This was FDR's definition of a self-sustaining program. It's also the definition of what Democrats call "pay as you go".

Try as I might to secure an explanation from my liberal friends on the dichotomy, none of them is exactly killing themselves to provide one.