Posts Tagged ‘Social security’

I Payed Into Entitlement Programs My Whole Life And All I Got Was This T-Shirt

May 10, 2013

With Congress increasingly unable to resolve budget disputes, federal programs on automatic pilot are consuming ever larger amounts of government resources. The trend helps older Americans, who receive the bulk of Social Security and Medicare benefits, at the expense of younger people. This generational shift draws modest public debate. But it alarms some policy advocates, who say the United States is reducing vital investments in the future.”Entitlements are squeezing out public investments” in education, infrastructure, research and other fields that have nurtured future prosperity, the study said.

Congress paving the way for redefining  Baby Boomers.

freeloader

 

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Social Security Payments Withheld Due To Unpaid Student Loans You’re My Boy Blue

August 17, 2012

About twice as many Social Security recipients are not receiving all of their Social Security payments this year because they have unpaid federal student loans, according to a report by  SmartMoney.com.

According to a 1996 law, the federal government has the authority to withhold portions of Social Security payments if defaulted debt is owed to the government, including federal student loans.

“It’s quite extraordinary because normally Social Security benefits can’t be touched by creditors,”  said Deanne Loonin, a staff attorney with the National Consumer Law Center.

Older students denied part of social security payments due  to outstanding student loans. Feds going old school.. Older students feeling Blue..

As A 15- year old Tourist in Connecticut, Obama Picks Up His Social Security Card

July 5, 2012

If Barack Obama has an immediate eligibility problem, it is more likely to derive from the Social Security Number he has been using for the last 25 years than from his birth certificate. Ohio private investigator Susan Daniels has seen to that.  On Monday, July 2, she filed suit in Geauga County (Ohio) Common Pleas Court demanding that Jon Husted, Ohio secretary of state, remove Obama’s name from the ballot until Obama can prove the validity of his Social Security Number.

Daniels started her investigation in August 2009.  Given her profession, she has been able to access a variety of proprietary databases.  What she learned without much trouble is that Obama has been using a Social Security Number with the prefix “042″ since 1986.

As she discovered, the “042″ number is reserved for the exclusive use of individuals who register in Connecticut.  When she ran 10 sequential numbers before and after Obama’s, all returned with the documentation “issued 1977-1979 in CT.”

When Daniels ran the numbers immediately flanking Obama’s, she came to the firm conviction that Obama’s number was issued in March 1977 in Connecticut.

By all accounts, as Daniels thoroughly documents, Obama was then a 15-year-old living in Hawaii.  There is no record of him even visiting Connecticut in or near this time frame.

As a 15- year old tourist in Connecticut, Obama stops off to get his social security card..

1.75 Private Sector Employees For Each Person On Social Security, Government Manual Found In Al Gore Lock Box

September 13, 2011

There were only 1.75 full-time private-sector workers in the United States last year for each person receiving benefits from Social Security, according to data from the Bureau of Labor Statistics and the Social Security board of trustees.

That means that for each husband and wife who worked full-time in the private sector last year there was a Social Security recipient somewhere in the country taking benefits from the federal government.

Most state and local workers are part of the Social Security system and pay Social Security taxes; and, since 1984, all federal workers have been part of the system and pay Social Security taxes. However, unlike private sector workers who pay Social Security taxes with private-sector dollars, government workers pay their payroll taxes out of wages government pays them with tax dollars or with money that was borrowed by government and taxpayers must eventually repay.

That meant, as the Social Security board of trustees reported, that there were just 2.9 “covered workers” who paid some Social Security taxes in 2010 for each individual who received Social Security benefits.

(According to the Social Security board of trustees, there were 41.9 “covered workers” per Social Security beneficiary in 1945.)

Government playbook found in Al Gore Lock Box.

 

Potential New Speaker of the House Decides To Be Honest,Stupid Is As Stupid Says

July 14, 2010

In a rare departure from this year’s intense political posturing over the soaring budget deficit, House leaders of both parties recently signaled that they are prepared to tackle a leading long-term liability — Social Security — by raising the retirement age.

“We need to look at the American people and explain to them that we’re broke,” Mr. Boehner said in an interview last week with the Pittsburgh Tribune-Review.

Besides raising the retirement age for full Social Security benefits to 70 for people now 50 or younger, Mr. Boehner suggested curbing benefit growth by tying cost-of-living increases to the consumer price index rather than growth in wages, and providing benefits only to those who need them.

“If you have substantial non-Social Security income while you’re retired, why are we paying you at a time when we’re broke?” he said. “We just need to be honest with people.”

Mr Boehner decides to do a chance of pace and be honest with people. You are paying taxpayers because you forced payment from them and mismanaged it. That is why..

If Reps take back House in fall  Boehner will be the  new House Speaker. Not much security there…. Dumb and Dumber not sure which..

 

 

Social Security Lockbox on the move again

March 22, 2010

Ut Oh… with the passage of the Health Care Bill, the Lockbox is on the move again. The Chinese are even more nervous with deficit busting entitlement program and are moving to a more secure location.. We and Greece have been very bad…..