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Politics : PRESIDENT GEORGE W. BUSH
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To: Steve Dietrich who wrote (430399)7/21/2003 5:27:50 PM
From: Peter O'Brien  Read Replies (1) of 769670
 
>It also pays widows, orphans and the disabled
>who didn't pay in.

I forgot to answer this point in my previous post.

I really think it is a huge "stretch" to compare the
beneficiaries of an insurance policy (e.g., widows
and orphans) to an entire generation of retirees
that just happened to be lucky enough to be of
retirement age when the SS program began.

The widows and orphans are being compensated for
a loss.

The early beneficiaries of the SS program received
a windfall, pure and simple.
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