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"Calling Medicare and Social Security "entitlement programs" is a misnomer, as these programs are funded by the wages of laborers with the intent that they will be used later by the same individuals--... Which is equivalent to the bank saying that the money in your savings account is welfare, instead of being entitled to it because it's your money they are holding onto till you withdraw it."

Problem is that for years there is NO money in the social security fund,just the equivalent of IOUs.Congress spent it all by dumping it into the general fund.

"I don't understand why Republicans want to do away with Social Security and Medicare."

I've never heard of any Republican who wants to 'do away' with Social Security and Medicare especially for those already on it.
None.
They want to reform the way it's being siphoned off to people that never paid into it.They may want to change the way the calculation for future workers.
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