Posted on 03/09/2010 8:50:16 AM PST by GOPsterinMA
A littlenoticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old.
Social Security benefits are offlimits to creditors, such as creditcard companies and banks. But the U.S. can collect debts to federal agencies by "offsetting," or withholding Social Security and disability payments.
The Treasury currently withholds benefits of 3.1 million Social Security recipients to recover defaulted student, farm and smallbusiness loans, unpaid income taxes, amounts veterans owe for health care, and other debts to the government.
Previously, the U.S. hasn't been able to withhold Social Security payments to recover most debts delinquent for more than ten years.
(Excerpt) Read more at finance.yahoo.com ...
This is evil. Many senior citizen have only SS to live on. Just a few dollars could be the difference between having a roof or a bridge over their heads
I bet he’s already got the plans from Dachau ready to go. The difference being, his version of a death camp will be “green”.
Yeah ... it’s just awful that people would be expected to pay back money that they owe.
Yet illegals get free edu and benes. How special.
America better wake up and the future victims better wise up.
The more onerous part of this, and I am speculating, is that if you declare bankruptcy, then you still owe the gov't its money. That is the part that disturbs me greatly. Someone that goes through bankruptcy should be cleared. The gov't should not have its hooks into you for all time.
For abusers and deadbeats, yes, for sure.
But veterans? For medical care? That is wrong.
And the illegals get whatever they want? Ass backwards.
Moderator, if this is a duplicate thread, please pull. Thank you.
Me thinks there is more to this than the eye sees. Maybe forcing families to take care of the elderly. Or are we going to see a return of the POOR HOUSES.$750= $9000 per year. I’m sure one of Zeros Tsars have a solution for this.
The 2009 Poverty Guidelines for the
48 Contiguous States and the District of Columbia Persons in family Poverty guideline
1 $10,830
2 14,570
3 18,310
4 22,050
5 25,790
6 29,530
7 33,270
8 37,010
For families with more than 8 persons, add $3,740 for each additional person.
Excellent point Marty62!
I wonder if this would pertain to defaulted Fed backed mortgages?
Yeah, it’s terrible.
Money is free and should be taken from taxpayers and given to people who need it.
It's not just "green", it's Soylent Green.
I don’t know about you ... but I have contributed a fortune to SS. As far as owing money. Apparently you have never been through an IRS audit. Those people are the epidome of evil. LOTS of people wind up owing the gubmint money due to an unfair audit.
Be careful about throwing in the illegal alien issue into this. I can use the unfairness (Ass backwards)argument that you propose to justify just about any social policy. "Illegal aliens get free healthcare and education. Therefore I should get a free home, or at least a tax credit since I am a US citizen." That line of thinking is absurd.
Look at each issue on its own merits and solve, or not solve, each problem. But don't lump them together. That's liberal-think.
Fantastic question!!!!!!
How ironic!
The founders had a good reason for ... Article 1, Section 8, Clause 4
That’s nice.
They borrowed money from you and me. They owe it to you and me. They need to pay it back.
Not complex.
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