FishingBanter - View Single Post

**[email protected]** · October 9th, 2006, 10:08 PM posted to rec.outdoors.fishing.fly

wrote:
And one of the biggies...ladies and gentlemen, children or all ages,
Dingaling brothers and P.T. Barnum are proud to present the one, the
only...drum roll, please....TA-DA!!!! The Social Security Act, ch. 531,
49 Stat. 620, 1935, supposedly meant to prevent the truly elderly, the
truly disabled, children, and a few others from starving during the
depression...now, 62-year-old retired millionaires and "disabled" folks
cash SS checks on their way to the golf and tennis club...and best of
all, this safety net does all of this wonderful stuff and only needs
some 65,000 employees to do it...

The SS system has always been a welfare system disguised as
a retirement system in order to make it acceptable. But most folks
with a lot of amount of money naturally never have enough, so the
fantasy was forced into a highly warped reality in which the former
is used to justify the latter.

By-the-by, in its first year, 1936, $250,000USD was the admin
budget...run that through a historic or relative value calculation...

Congratulations, that's a fine example of "neocon"-style "history."
It
really doesn't matter what the hell the budget was in 1936 because
the hiring to support year 1 operations - year 1 to begin in January
of `37 -
wasn't started until November 1936. At the end of 1936 there were
2,500 employees, the majority of whom had been at work for well under
a month at that point.