...
**Still I'm surpised, because Social Security is called SSI, and "I"
stands for insurance, and Social Security benefits are, I thought, what
an insurance company would be able to pay based on everyone's
contributions, allowing for some people dying early and some dying late,
but disabilty and childrens disabilty were iirc added on later (later
than 1935) and unless the creation of those programs meant money was
deducted from the payments to retirees, the money was coming from the
general fund, and even though eligibility (only) was based on parents'
SSA contributions (for CDB) and I-don't-know-what is the basis for non-children's disability eligibility, I thought the money itself was
much closer to being a gift from the government and not an insurance
payout, so I thought restrictions on what it could be spent on like with foodstamps would be reasonable and very likely.
On 7/3/2024 8:48 AM, micky wrote:
...
**Still I'm surpised, because Social Security is called SSI, and "I"
stands for insurance, and Social Security benefits are, I thought, what
an insurance company would be able to pay based on everyone's
contributions, allowing for some people dying early and some dying late,
but disabilty and childrens disabilty were iirc added on later (later
than 1935) and unless the creation of those programs meant money was
deducted from the payments to retirees, the money was coming from the
general fund, and even though eligibility (only) was based on parents'
SSA contributions (for CDB) and I-don't-know-what is the basis for
non-children's disability eligibility, I thought the money itself was
much closer to being a gift from the government and not an insurance
payout, so I thought restrictions on what it could be spent on like with
foodstamps would be reasonable and very likely.
SSI is Supplemental Security Income
and provides monthly payments to
people with disabilities and older adults who have little or no income
or resources.
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