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Center on Budget @CenterOnBudget
, 11 tweets, 7 min read Read on Twitter
Today we're celebrating the anniversary of #SocialSecurity. Here are 10 facts you might not have known: bit.ly/2vIwMfP #SocSec83
Fact #1: Social Security is more than just a retirement program. It provides important life insurance and disability insurance protection as well. bit.ly/2vIwMfP #SocSec83
Fact #2: Social Security provides a guaranteed, progressive benefit that keeps up with increases in the cost of living. bit.ly/2vIwMfP #SocSec83
Fact #3: Social Security provides a foundation of retirement protection for nearly every American, and its benefits are not means-tested. bit.ly/2vIwMfP #SocSec83
Fact #4: Social Security benefits are modest. bit.ly/2vIwMfP #SocSec83
Fact #5: Children have an important stake in Social Security. bit.ly/2vIwMfP #SocSec83
Fact #6: Social Security lifts millions of elderly Americans out of poverty. bit.ly/2vIwMfP #SocSec83
Fact #7: Most elderly beneficiaries rely on Social Security for the majority of their income: bit.ly/2vIwMfP #SocSec83
Fact #8: Social Security is particularly important for people of color: bit.ly/2vIwMfP #SocSec83
Fact #9: Social Security is especially beneficial for women: bit.ly/2vIwMfP #SocSec83
And last, but certainly not least... Fact #10: Relatively modest changes would place Social Security on sound financial footing: bit.ly/2vIwMfP #SocSec83
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By the time I am 67, over $600,000 will be paid into #SocialSecurity on my behalf. That money would have been worth $1.9M if I had gotten a 5% return. My annual interest would be $95K.

The Government promises me $3,075/month at 67, which is $37K/year

How is this not THEFT?
Also, I forgot to mention that even though there are people like me who are giving away money to this ponzi scheme, it is STILL on track to run out of money in 2034, more than a decade before I get to retire...
For the people who are calling me stupid because this is an insurance policy, here are some facts:

My private disability insurance policy will pay the same $3K/month, and costs me $2,500/year. I would have to live to be 798 to lose $1.9M on it
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1/ [Thread]
No Labels’ Lieberman, Huntsman play curious roles inside Trump-Russia orbit
2/ In 2016, co-chairs Joe Lieberman and Jon Huntsman announced that No Labels had convinced six presidential candidates to accept the “Problem Solver Promise.”
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@VickyDurieux @48Gailschwerdt @ASlavitt @timetograbback 1/ Distracted by #Kavanaugh's #RapeTrain? Don't be. They're Going After Your Social Security & More! washingtonsources.org/gop-quietly-se…
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Today we released the first set of declassified material in a series of 6 releases of the daily intelligence report President Harry Truman received from CIA & our predecessor organization, the Central Intelligence Group, between 1946 & 1951.

bit.ly/2nHQhAK
Known then as “The Daily Summary,” the product continues today as the President’s Daily Brief (PDB). Today’s release includes a chapter from forthcoming history of the PDB by our Chief Historian: bit.ly/2OErJEl

Brief history of the Daily Summary: bit.ly/2vNnSO7
Today’s release also includes:
-First 20 Daily Summary reports, highlighting intel Truman received to help address challenges US faced in aftermath of #WWII
-1973 report, “Keeping the President Informed,” about the evolution of the Daily Summary

bit.ly/2MNpwWy
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Welcome to #SinglePayerSunday Support #SinglePayer #MedicareForAll
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Help Campaign For #MedicareForAll

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Where: Oakland, CA
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Today is World #Alzheimer's Day.
Alzheimer's disease is the most common cause of #dementia & may contribute to 60–70% of cases
#Dementia is a major cause of disability among older people bit.ly/2xxKjbF
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