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Social Security

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Newsmax

As Congress agonizes over health care, an even more daunting and dangerous challenge is bearing down: how to shore up Social Security to keep it from burying the nation ever deeper in debt. What to do about mushrooming government payments as millions of baby boomers retire? How about a giant federal Ponzi scheme? That might work for a while. But wait. That's pretty much the current system. Social Security takes contributions from today's workers and uses them to pay the old-age benefits that were promised to retirees. But there are serious concerns how long that can last. President Barack Obama has said he'll tackle Social Security and related "entitlement" programs when the health care overhaul is resolved

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KAET 15 TV (ABC)

A Social Security Administration motivational management conference held at a high-end Valley resort last week cost $700,000, the SSA told the ABC15 Investigators.

Costs for the conference at the Arizona Biltmore Resort & Spa included airfare, hotel entertainment, dancers, motivational speakers, and food, an administration official said.

A spokesperson outside the SSA's Phoenix office declined to comment.

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Mises Institute

The release of the 2009 Social Security Trustees Report indicates that the current economic crisis has negatively impacted the Social Security budget. It's now projected that by 2016 Social Security spending will exceed revenues.

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Washington Post

The financial health of the Social Security system has eroded more sharply in the past year than at any time since the mid-1990s. Medicare has become more fragile as well and is at greater risk than Social Security of imminent fiscal collapse.

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AP

The financial health of the government's two biggest benefit programs may have slipped over the past year, reflecting the deep recession that has already bitten into other areas of the budget. The trustees for Social Security and Medicare are

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The Mess That Greenspan Made

Among the plethora of new ills plaguing the U.S. economy as it goes stumbling toward its uncertain future is a problem that, until very recently (meaning two days ago), was believed to be one reserved for the latter half of the next decade - the dwin

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AP

Republican presidential candidate John McCain's signal that he may be open to a higher payroll tax [on young people] for Social Security [to keep his SS checks coming], despite previous vows not to raise taxes of any kind, is drawing sharp rebuke

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MSN Moneycentral

So by the time my daughter turns 70, those $2,000 annual gifts will have grown to more then $30 million! In fact, the account would make her a millionaire by the time she was 40. Imagine going through life with that kind of safety net

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AP

The trust funds for Social Security and Medicare will last a year longer than previously estimated, trustees said. That means 2041 for the Social Security trust fund to be exhausted and 2019 for Medicare. [Wow, good news suckers.]

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Mises Institute

Social security systems around the developed world are faced with a looming financing crisis. Unfunded pay-as-you-go(PAYGO) schemes are heading towards bankruptcy due to rising longevities, low fertility, and declining labor forrce participation rat

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Politico

(this is one organization I will NEVER join) AARP officials said Wednesday they will push hard to revamp Social Security to maintain the social insurance program's solvency and fiscal health. Changes need to be made in the program to head

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by U.S. Rep. Ron Paul, M.D. (R-TX)

A 2004 agreement between the US and Mexico will allow hundreds of thousands of noncitizens to receive Social Security benefits, a so-called “totalization” plan between the two nations. Social Security never was intended as a foreign aid program

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Supreme Law Library

After reading the article about how college students are coming here to get news, this is pertainent to you. Do a search under "Nestor v. Fleming", and "Helvering v Davis". These 2 cases prove that Social Security is indeed on o

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New Standard

The Social Security Administration has found a place to cut corners: several catagories of disability-benefit recipients who the agency said can wait 2 more years to start collecting, no matter how much hardship the move might cause.

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