Is Social Security savable?
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American Thinker ^
| 08/25/2023 | Brenton Smith
Milton Friedman once observed, “If the government ran the Sahara, in five years there would be a shortage of sand.” He
was right. The government has run Social Security for more than 80 years, and now there is a shortage of security. At this point, the experts believe that someone who is 79 years old today is likely to outlive the system’s ability to pay scheduled benefits. The solution, according to the White House fact sheet on the 2024 Budget Proposal, is: do nothing, and the Republicans cheered. That leaves a rapidly growing problem to third parties.Social Security presents a...
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Big Changes Coming for Medicare, Social Security
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Kiplinger ^
| June 16, 2015 | Martha Lynn Craver,
Republicans will risk political pushback to put entitlement programs on the agenda during the presidential election. Some
changes are in the wind for Social Security, Medicare and Medicaid—entitlement programs that account for 45% of the federal government’s payouts. Many of the changes are still years away. But some of them will start next year, smack in the middle of the presidential election campaign, forcing candidates to address issues that they and their advisers generally try to steer clear of when they’re running. Kicking off the rare election-year debate: a move to rescue the Social Security disability fund image: http://images.intellitxt.com before...
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This simple fix could help save Social Security
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American Thinker ^
| 01/13/2023 | Brenton Smith
Social Security Trust Funds have squandered billions of dollars on an antiquated investment policy. That
loss tells us a lot about the financial crisis coming to Social Security. In 2019, Social Security lost roughly $1 billion because the system invests the excess reserves on exactly the wrong minute of the year. Any other day or any minute early in the day, saves the program money. It is 2023, and the beat goes on. Over the course of 2022, Social Security redeemed more than $100 billion in high-yield debt, and lost nearly $5 billion in interest earnings in the process. The...
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Social Security Benefits to Go up by 1.7 Percent
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abcnews ^
| Oct 22, 2014 | STEPHEN OHLEMACHER
Millions of older Americans who rely on federal benefits will get a 1.7 percent increase in their monthly payments next year, the government announced Wednesday. It's the third year in a row the increase will be less than 2 percent. The
annual cost-of-living adjustment, or COLA, affects payments to more than 70 million Social Security recipients, disabled veterans and federal retirees.
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Social Security Administration Beneficiaries Top 60,000,000
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CNS News ^
| March 18, 2016 | Terence P. Jeffrey
The number of people receiving benefits from the Social Security Administration topped 60,000,000 for the first time at the beginning of 2016. ... The total number of beneficiaries includes retired workers and their dependents, survivors of deceased workers, and disabled workers and their dependents. ... In February, there were 151,074,000 people employed
in either full or part-time jobs in the United States, according to the Bureau of Labor Statistics ... There were 123,206,000 people employed full-time in February, according to BLS’s seasonally adjusted numbers. That equals approximately 2.05 full-time workers per each beneficiary of the Social Security Administration. ... The...
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Illegal immigrants should not get Social Security…
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Juanita Broaddrick ^
| 1/17/2023 | Juanita Broaddrick
Illegal immigrants should not get Social Security… (f———g) period.
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Ex-Nazis got $20.2 million in Social Security
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Pioneer Press ^
| 6-1-15 | Richard Lardner, David Rising and Randy Herschaft
WASHINGTON -- Elfriede Rinkel's past as a Nazi concentration camp guard didn't keep her from collecting nearly $120,000 in U.S. Social Security benefits. Rinkel
admitted to being stationed at the Ravensbrueck camp during World War II, where she worked with an attack dog trained by the SS, according to U.S. Justice Department records. She immigrated to California and married a German-born Jew whose parents had been killed in the Holocaust. She agreed to leave the U.S. in 2006 and remains the only woman the Justice Department's Nazi-hunting unit ever initiated deportation proceedings against. Yet after Rinkel departed, the Social Security...
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Ron DeSanctimonious wants to cut your Social Security and Medicare
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TRUTH Social ^
| 02/19/2023 | Donald J. Trump
Ron DeSanctimonious wants to cut your Social Security and Medicare, closed up Florida & its beaches, loves RINOS Paul Ryan, Jeb Bush, and Karl Rove (disasters ALL!), is backed by Globalist’s Club for NO Growth, Lincoln Pervert Project, & “Uninspired” Koch — And it only gets worse from there. He
is a RINO in disguise!, whose Poll numbers are dropping like a rock. Good luck Ron!
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The Most Important Social Security Chart You'll Ever See
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The Motley Fool ^
| Nov 16, 2019 | Kailey Hagen
One of the most important decisions you'll have to make as you approach retirement is when to start Social Security benefits. The
soonest you can begin claiming is 62, which remains the most popular age to start. It's not necessarily the wrong choice -- you'll still get a sizable amount of money over your lifetime -- but it might not be the best option if you're interested in maximizing your benefits. Here's a closer look at how the age you begin Social Security affects the size of your checks.
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US Social Security Administration Out of Control
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Self ^
| May 21, 2022 | Self
We cannot believe this has happened. We
sent business correspondence to our local U.S. Social Security Administration office two weeks ago by certified mail, return receipt requested. The documents were received by the Office, as we received the green Cert Mail card in return verifying same. Included in the envelope we had sent to SSA was an official SSA form whose instructions were to return the form to the local SSA office. Along with the SSA form was a detailed cover letter, and documentation SSA requested confirming legal status. Ten days later, we received an envelope in the mail from...
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How Much Do Retirees Really Depend on Social Security? Far Less Than You'd Think.
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Forbes ^
| 03/29/2018 | Andrew Biggs
The Social Security Administration says that one-third of retirees receive nearly all their income from Social Security. The true figure is only around one-third that amount. How
much do Americans really rely on Social Security to get by in retirement. You can hear different numbers, some of which are truly scary. Writing for Marketwatch, Alicia Munnell of Boston College and the Center for Retirement Research cites a study that she hopes “will put the statistical debate to rest.” Sadly, I don’t see any rest for the weary on this issue. But looking at one additional study which uses the best...
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What Is the Most Popular Age to Claim Social Security?
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Money and Markets ^
| 05/03/2020 | Chad Stone
When to claim Social Security is arguably the most important decision you will make regarding the benefits program, which begs the question: Is the most popular age to claim Social Security the best option for you?While popularity shouldn’t matter when it comes to claiming your benefits, it does give a little
insight into what others are doing so we can explore some reasons they might choose a particular age to claim Social Security.Many factors go into determining your monthly benefits, and the age you claim will most likely have the greatest impact on how much Social Security income you...
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Social Security Beneficiaries Hit Record 61,859,250
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Townhall.com ^
| December 27, 2017 | Terry Jeffrey
The number of Social Security beneficiaries hit a record 61,859,250 in November, according to data released by the Social Security Administration. At the same time, according to the Bureau of Labor Statistics, with unemployment at the lowest rate since 2000 (4.1 percent), there were 126,827,000 full-time workers in the United States (including
government workers). Yet that equaled only 2.05 full-time workers for each person receiving Social Security benefits. Even when all 153,918,000 people who had jobs in November are considered (counting both full- and part-time workers), the ratio of workers to Social Security beneficiaries was about 2.49 to 1. The...
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Where is thread on recent social security changes?
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self
How do I find a thread talking about the news story I've been hearing about? I've
looked for an hour and turn up nothing. Social Security changes affecting spouse loophole passed in this recent budget.
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Social Security Is Not A Benefit. It Is A Right That One Has Paid For!
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IWB ^
| Pamela Williams
Senator Alan Simpson (R-Wyoming) needs to get his facts straight about social security. You
pay 6.5% as an employee, Your employer pays 6.5%. You pay 1.5% to Medicare, Total 14.5%. If you are self-employed you must pay the 14.5% yourself. How could he say, because senior citizens expect their social security and medicare benefits when they retire, they are greedy? “Alan Simpson, Senator from Wyoming, Co-Chair of Obama’s deficit commission, calls senior citizens the Greediest Generation as he compared “Social Security” to a Milk Cow with 310 million teats.”
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Social Security Beneficiaries Hit Record 61,859,250
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Townhall.com ^
| Dec 27, 2017 12:01 AM | Terry Jeffrey
The number of Social Security beneficiaries hit a record 61,859,250 in November, according to data released by the Social Security Administration. At the same time, according to the Bureau of Labor Statistics, with unemployment at the lowest rate since 2000 (4.1 percent), there were 126,827,000 full-time workers in the United States (including
government workers). Yet that equaled only 2.05 full-time workers for each person receiving Social Security benefits. Even when all 153,918,000 people who had jobs in November are considered (counting both full- and part-time workers), the ratio of workers to Social Security beneficiaries was about 2.49 to 1. The...
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Ever wonder how big Joe Biden’s Social Security check is? Take a look
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BizPacReview ^
| 9/5/0222 | Teresa Monroe Hamilton
According to President Biden’s tax return for last year, the first couple received a whopping $4,555 a month in Social Security benefits alone which put them well above what the average retired American brings home each month. And
that doesn’t include all of their other streams of income. Social Security just celebrated its 87th birthday. It was signed into law in August 1935 and payouts began on Jan. 1, 1940. It has become the safety net for more than 48 million retired Americans and many depend on a monthly check from the agency to survive. The average Social Security check...
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What millennials get wrong about Social Security
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Fox Business ^
| August 29, 2019 | Liz Weston
Few issues unite millennials like the future of Social Security. Overwhelmingly, they’re convinced it doesn’t have one. A
recent Transamerica survey found that 80 percent of millennials, defined in the survey as people born between 1979 and 2000, worry that Social Security won’t be around when they need it. That’s not surprising — for years, they’ve heard that Social Security is about to “run out of money.” The language doesn’t match the reality. Social Security benefits come from two sources: taxes collected from current workers’ paychecks and a trust fund of specially issued U.S. Treasury securities. This trust fund is...
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Opt Out of Social Security for Racial Equity
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Townhall.com ^
| February 10, 2021 | Star Parker
A recent Reuters headline read, "Yellen, Rice tout economics as key to fixing American inequality." According
to Susan Rice, President Joe Biden's new domestic policy adviser, "The evidence is clear, investing in equity is good for economic growth." Our new Treasury secretary, Janet Yellen, says, "I believe economic policy can be a potent tool to improve society. We can -- and should -- use it to address inequality, racism ..." I couldn't agree more. According to the Federal Reserve's most recent Survey of Consumer Finances, the median wealth of white families is $188,200, compared with $24,100 for Black families. To...
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This Social Security scam is just evil
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WaPo ^
| August 12, 2019 at 6:30 a.m. CDT | By Michelle Singletary
Imagine you’re retired and your primary source of income is your monthly Social Security check. Your
telephone rings and an automated message says your Social Security number has been “suspended” because of some suspicious activity. You may even be threatened with arrest if you don’t call the telephone number provided in the automated message. If someone calls saying that your Social Security number and the benefits connected to it may be in jeopardy, it’s understandable that you might panic. You’re told that to “reactivate” your Social Security number, you have to pay a fee or buy gift cards. You have...
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