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Originally Posted by Riot
Who is "looking for a bailout"? What are you talking about?
You've switched the subject and done a 180 again, I guess.
People contribute to Social Security their entire working lives. It's no "bailout". It's an "entitlement" - because you are entitled to participate in the program when you've contributed your whole life.
Dell: "Desperately in search of one of Ronald Reagan's imaginary welfare queens to blame for ... whatever he doesn't like".
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The people who paid into social security their whole lives are surely entitled to their benefits.
The people who are going to be recipients of
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Unemployed and underemployed homeowners in the Chicago area could soon receive up to $25,000 in mortgage help under a $345 million federally funded program that will be announced Thursday by the state of Illinois.
If all criteria are met, homeowners do not have to repay the loan.
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are not. Sorry I kind of cross threaded the comment but since SS contributions is the 'cash' at least in part, used to finance such programs, it's pertinent. See this is how not SS but the mishandling of SS contributions adds to the debt. SS money comes in, BS goes out and the treasury marks down an IOU in the same amount that is directly added to the debt. The mortgage bailout program is nothing more than a reward for being irresponsible or immature as you stated. And at whose expense? The responsible and mature is who!