Posted on 05/01/2011 5:51:38 AM PDT by Libloather
Social Security Payments to Go Paperless Beginning May 1
Published April 22, 2011 | FoxNews.com
Social Security checks are going paperless beginning May 1, as the U.S. Treasury Department retires paper checks for electronic payments.
The cost-saving measure, which won't be fully implemented until May 2013, is aimed at reducing government expenses by $1 billion over the next decade as millions of baby boomers and others apply for monthly federal benefits. Federal benefits will also be paid electronically to recipients of veterans and disability payments, the Treasury Department announced Friday.
Eighteen million baby boomers are expected to go onto the retirement rolls in the next five years.
Direct deposit has long been an option for Social Security recipients and others, and in fact, most recipients of federal checks already get payments electronically.
But electronic payments are still precarious to some, especially Depression-era babies who never learned to trust banks. Currently, 11 million people still get government checks in the mail.
(Excerpt) Read more at foxnews.com ...
Heh. This is just a foreshadowing of the paperless “payments” that those of us in Gen-X and beyond will get. That is, $0 a month.
Yeah, especially since most of them are already clueless.
This will make it much easier to turn off payments to those who speak out against the government.
Just like a “digital currency” will make it much easier for the Statists to starve those who protest against the State.
Paperless also gives them access to your bank account. It’s called tracking, snooping, mining....the road to confiscation....
Just imagine how much misinformation could be saved by going newspaperless ;-)
This is a really bad idea.
Given the number of elderly who refused to get one of those digital TV boxes on their own, I can’t imagine them making the effort to give the Feds their bank account numbers. Some of them just won’t understand what it means.
Considering the frequency at which my local post office mixes up and loses mail, I have moved nearly everything possible to paperless.
I trust the Internet more than I trust the P.O.
Thanks Libloather.
Preparation for Obamacare. They have access to everyone accounts. They will somply take what they think you should be paying. They will be able to withdraw automatically for services.
The government thinks all money, even what you earn now belongs to them. They will see to it all the serfs get their alloted stipend.
Shared poverty for all but the ruling class. Socialist Utopia.
agreed. Maybe its my generation but I’ve written less than 20 checks since I turned 18 and all of my bills and paychecks are paperless. If the elderly are that worried about the government then they certainly don’t have to take the social security money.
Besides paper checks can be easily tracked as well. Not to mention the fact that if the government wants to get into your checking account they can without any real trouble.
*****
That is just crazy not to trust the banks. Who in their right minds would not trust the banks? Everyone in their right mind knows you can trust the banks.
One good EMP burst over Washington will turn believers of the paperless society into paupers. Electronic is by fiat. Paper has history, and we should all remember the line about sheeple who disregard history ...
Wait a sec... You need an ID to set up a bank account, but requiring someone to have an ID to do things like VOTE is discriminatory to the poor who can’t afford an ID. hmm...
But what would I use to line my birdcage?
As for going electronic, I write about 30 checks per year, and most of those are tax checks which my bank refuses to handle electronically. I guess in case of a mistake the bank can fight other banks on an even basis, while the government will just say "Didn't get the transfer - screw you" to the bank, and the bank doesn't want to deal with that. The only paper checks I get are either rebate checks or gifts from relatives.
Wonder how many critters at the SS office will open ghost direct deposit accounts,new Corvette to ensue.
How so? I see no difference in difficulty in flipping the bit in the computer from the value that instructs a check to be printed to the value which instructs no check to be printed, and flipping the bit in a computer from the value that instructs the computer to send an electronic payment to the value that instructs it not to send the payment.
Honestly, when the Feds come up with a money-saving measure, it is churlish to find fault with it simply because the left is in control of the White House, and bizarre to find a specious conspiratorial aspect to it.
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