Wednesday 28 August 2019
These 7 Social Security myths just aren’t true, no matter how often you hear them
Myth No. 1: Illegal immigrants collect Social Security
Not True. Immigrants must be lawfully present and must pay into the system for at least 10 years. In short, they have to follow the same eligibility rules as everyone else.
Myth No. 2: The government raided the trust fund
The Social Security trust fund has never been “put into the general fund of the government.” It is a separate account, always has been, and has generated $1.9 trillion in interest. For reference, the total trust fund balance is $2.9 trillion.
Myth No. 3: Social Security is going bankrupt
By 2020, there will not be enough money coming into the system to pay out to people claiming benefit, so the Social Security Administration will begin pulling money from the trust fund, which will last until 2035. Then the amount coming in will pay 76% of benefits.
Myth No. 4: Members of Congress don’t pay into the Social Security system
Since 1984, members of Congress are required to contribute to Social Security just like anyone else.
Myth No. 5: You’ll never get back what you put in
Each individual gets back the dollars they’paid in within just a few years of filing for benefits.
Myth No. 6: Social Security benefits are an earned right
Social Security payments are not guaranteed, and laws can be changed at any time
Myth No. 7: Everyone should delay filing for Social Security benefits until age 70
Not True. Immigrants must be lawfully present and must pay into the system for at least 10 years. In short, they have to follow the same eligibility rules as everyone else.
Myth No. 2: The government raided the trust fund
The Social Security trust fund has never been “put into the general fund of the government.” It is a separate account, always has been, and has generated $1.9 trillion in interest. For reference, the total trust fund balance is $2.9 trillion.
Myth No. 3: Social Security is going bankrupt
By 2020, there will not be enough money coming into the system to pay out to people claiming benefit, so the Social Security Administration will begin pulling money from the trust fund, which will last until 2035. Then the amount coming in will pay 76% of benefits.
Myth No. 4: Members of Congress don’t pay into the Social Security system
Since 1984, members of Congress are required to contribute to Social Security just like anyone else.
Myth No. 5: You’ll never get back what you put in
Each individual gets back the dollars they’paid in within just a few years of filing for benefits.
Myth No. 6: Social Security benefits are an earned right
Social Security payments are not guaranteed, and laws can be changed at any time
Myth No. 7: Everyone should delay filing for Social Security benefits until age 70
It depends.
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Dear Mr Bolsonaro
I am sorry that you view a desire to help as treating you like a colony.
Our stay as a colonial power in Brazil was French Antarctique from 1555 to 1567, when we were thrown out by the Portugese, and again in Equinoctial France, which lasted from 1612 to 1614, with the same result. We have not been there since. We thought it was a long time ago and didn't realize that it irked you so much.
Again, I do apologise to offering to help.
Emmanuel Macron
I am sorry that you view a desire to help as treating you like a colony.
Our stay as a colonial power in Brazil was French Antarctique from 1555 to 1567, when we were thrown out by the Portugese, and again in Equinoctial France, which lasted from 1612 to 1614, with the same result. We have not been there since. We thought it was a long time ago and didn't realize that it irked you so much.
Again, I do apologise to offering to help.
Emmanuel Macron
# posted by Had It in Holland Park @ 00:27 
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