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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (622352)	8/1/2011 11:03:38 AM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 1578704

If we pay the debt payments but don't pay SS, we still default. False. Social Security is not a debt. Not paying it is not a default. Nestor challenged this Section after he was denied Social Security payments as a deported member of the Communist Party. He argued that a contract existed between himself and the United States government, since he had paid into the system for 19 years. Nestor, an alien, became eligible for Social Security payments in 1955. In July 1956 he was deported for having been a member of the Communist Party from 1933 to 1939. Section 202(n) of the Social Security Act provided for the termination of Social Security payments when an alien is deported for being a member of the Communist Party. [edit] Result The Court ruled that no such contract exists, and that there is no contractual right to receive Social Security payments. Payments due under Social Security are not “property” rights and are not protected by the Takings Clause of the Fifth Amendment. secure.wikimedia.org Of course this just confirmed the reality. The money was never borrowed from Social Security tax payers, it was taxed away. And the payments to the recipients are not owned by the recipients until the payments are actually made. So not paying Social Security would not put the United States government in fault. But lets pretend for the moment that it would. OK 2010 - Interest on the Debt $164 billion Social Security $695 billion Combined total $859bil. Revenue 2.38 trillion. secure.wikimedia.org