From PoliPundit, a link over to Social Security: The 6.2% Solution - Patrick Hynes - MensNewsDaily.com™.
The phrase “guaranteed benefits” has been used a lot recently to describe the future benefits under the existing Social Security system. It shouldn’t be; benefits under Social Security are not guaranteed.
It's just a short little piece, but well worth considering.
The key point:
In 1960, the Supreme Court of the United States in Flemming v. Nestor ruled that you have no legal right to your Social Security benefits. The Court went on to say that your Social Security payroll taxes are just that: a tax, not a "contribution." And your benefits are part of a government spending program, no different in the eyes of the law than corporate welfare or farm subsidies.
OK... I'm off to google Flemming v. Nestor....
UPDATE - Interesting links:
