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Keyword: sosh

Brevity: Headers | « Text »
  • FDR signs Social Security Act

    08/14/2014 2:17:49 AM PDT · by right-wing agnostic · 2 replies
    On this day in 1935, President Franklin D. Roosevelt signs into law the Social Security Act. Press photographers snapped pictures as FDR, flanked by ranking members of Congress, signed into law the historic act, which guaranteed an income for the unemployed and retirees. FDR commended Congress for what he considered to be a "patriotic" act. Roosevelt had taken the helm of the country in 1932 in the midst of the Great Depression, the nation's worst economic crisis. The Social Security Act (SSA) was in keeping with his other "New Deal" programs, including the establishment of the Works Progress Administration and...
  • Wisconsin: 3 relatives suspected of cashing dead mother's Social Security checks for 30 years

    09/26/2012 5:04:02 AM PDT · by TurboZamboni · 42 replies
    ap ^ | 9-24-12 | Dinesh Ramde
    Three Portage County residents are accused of cashing Social Security checks of a relative who has been missing for 30 years and is presumed dead, and authorities are investigating to see whether her remains are buried on her wooded property. If Marie Jost is still alive she'd be 100 years old. But authorities now suspect she died in about 1982, and they're accusing her son, daughter and son-in-law of continuing to cash her government checks in her absence. Investigators believe Jost might be buried on her Amherst property. Sheriff's Capt. Dale O'Kray said Tuesday that cadaver dogs have hit upon...
  • 1 in 3 Florida retirees who receive Social Security survive solely on government checks

    01/23/2012 11:37:41 AM PST · by Nachum · 34 replies
    Sun Sentinel ^ | 1/23/12 | Donna Gehrke-White
    A third of Florida's nearly 3 million retirees, 65 and older, now rely entirely on Social Security, according to an analysis by AARP. "Folks have spent down their assets," said Jeff Johnson, AARP interim director in Florida. More Floridians are likely to end up only on Social Security than retirees in the rest of the country: A quarter of U.S. retirees, 65 and older, have only their monthly checks as income, Johnson said. Many of the most strapped are Florida's oldest, he added. Florida seniors, 80 and older, are about three times as likely to depend
  • Why Would You Let Barack Obama Invest Your Retirement Money?

    11/02/2011 12:11:50 PM PDT · by Kaslin · 12 replies
    Rush Limbaugh.com ^ | November 2, 2011 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: A question: If Barack Obama can use taxpayer money to invest in risky private sector investments like all of these fraudulent, phony, there-is-no-business-there green energy loans...? If Obama could do that, if he can use taxpayer money to invest in risky private sector investments that go belly up, shouldn't we be able to put our retirement money in a safer place than Washington? I personally don't mind risking my money on investments I trust. What I don't like is other people risking my own on investments only a fool would trust. Privatizing a portion of Social Security...
  • Groups to picket at Social Security offices

    10/27/2011 9:17:02 AM PDT · by WOBBLY BOB · 6 replies
    fox 19 .com ^ | 10-27-11 | fox 19
    Social Security advocates are planning to protest Thursday at Social Security offices around the county. Thousands of American Federation of Government Employees Social Security employees, along with the Alliance for Retired Americans, the National Committee to Preserve Social Security and Medicare, and the Strengthen Social Security Campaign are protesting recent proposals from Congress that would cut the Social Security Administration's operational budget.
  • Man living as an ‘adult baby’ is cleared of Social Security fraud

    10/19/2011 8:27:18 AM PDT · by TexasCajun · 60 replies · 1+ views
    The Washington Times ^ | Tuesday, October 18, 2011 | By Stephen Dinan
    The California man who lives part of his life as an “adult baby” and collects Social Security disability payments says the federal agency has cleared him of wrongdoing and will continue sending checks. Stanley Thornton Jr. now wants an apology from Sen. Tom Coburn, the Oklahoma Republican who called for the benefit review because the investigation disrupted the final months of life for his roommate Sandra Dias, who playacted as his mother, spoon-feeding him and helping him into his baby clothes until her death in July. “We recently reviewed the evidence in your Social Security disability claim and find that...
  • McCotter Trailblazes Social Security Prosperity

    10/13/2011 11:38:47 AM PDT · by Kaslin · 6 replies · 1+ views
    Townhall.com ^ | October 13, 2011 | Peter Ferrara
    On September 12, the pioneering Rep. Thaddeus McCotter introduced trailblazing legislation providing workers the freedom to choose personal savings and investment accounts to finance half of their future Social Security benefits. This legislation would completely solve the future Social Security financing problem, without cutting benefits or raising taxes, as officially scored by the Chief Actuary of Social Security. Indeed, because standard, long-term market investment returns are so much higher than what Social Security even promises, workers with personal accounts will enjoy higher rather than lower benefits. Moreover, the legislation would result in the greatest reduction in government spending in world...
  • "Ponzi Scheme" Doesn't Quite Cover the Evils of Social Security

    09/16/2011 2:07:03 PM PDT · by Retired Greyhound · 11 replies
    The Republican primary context has become a referendum on Social Security, with Texas Governor Rick Perry standing by his earlier statements denouncing the program as a Ponzi scheme, and Mitt Romney seeking to revive his presidential bid by defending Social Security. With Perry as the runaway front-runner, and only gaining in the polls, it looks like this will be a preview of the general election battle. So is Social Security a Ponzi scheme? Yes it is, in its own way, but that doesn't quite cover it. In reality, Social Security is much worse than a Ponzi scheme. The analogy to...
  • WSJ: Herman Cain Right, Romney and Perry Both Wrong on Social Security

    09/12/2011 3:39:11 PM PDT · by justsaynomore · 21 replies
    Lonely Conservative ^ | 9/12/11 | Lonely Conservative
    The Wall Street Journal editors took both Mitt Romney and Rick Perry to task for their stance on Social Security. They believe both GOP presidential contenders are wrong on the issue. Perry’s wrong for pointing out the obvious, but not taking it further, and Romney erred by repeating Democrat talking points – that the program can go on without significant reforms. The key point is that, unlike a Ponzi scheme, Social Security can be reformed and it will have to be if current workers are to receive any return on their current taxes. Everyone serious knows what the reform options...
  • Santelli, Friedman duke it out over “Ponzi scheme”

    09/08/2011 1:26:31 PM PDT · by Hojczyk · 35 replies
    Hot Air ^ | September 8,2011 | ED MORRISSEY
    My friend Jazz Shaw worries that Rick Perry’s argument that Social Security in its present form is a “Ponzi scheme” leaves him vulnerable in a general election. Rick Santelli gave it a workout on CNBC today against the New York Times’ Thomas Friedman, who ends up sputtering into ad hominems when he can’t counter Santelli’s arguments about the nature of a collective that can’t pay out on its promises — and Santelli responds in kind. The Daily Caller provides the transcript and Greg Hengler provides the clip: This gets to the larger point about using blunt language to describe an...
  • History of Social Security; I Didn't Write it

    08/22/2011 12:25:08 PM PDT · by notaliberal · 14 replies
    Examiner.com ^ | Aug 3, 2011 | Dick Kantenburger
    History Lesson on Your Social Security Card Just in case some of you young whippersnappers (& some older ones) didn't know this. It's easy to check out, if you don't believe it. Be sure and show it to your family And friends. They need a little history lesson on what's what and it doesn't matter Whether you are Democrat or Republican. Facts are Facts.
  • 14,000 People Wrongly Declared Dead Yearly

    08/17/2011 12:55:29 PM PDT · by nickcarraway · 23 replies
    News4Jax ^ | Wednesday, August 17, 2011
    Social Security Admin. Averages 38 Life-Altering Mistakes Per DayMore Americans are being erroneously killed off by the Social Security Administration every day. Of the approximately 2.8 million death reports the Social Security Administration receives per year, about 14,000 -- or one in every 200 deaths -- are incorrectly entered into its Death Master File, which contains the Social Security numbers, names, birth dates, death dates, zip codes and last-known residences of more than 87 million deceased Americans. That averages out to 38 life-altering mistakes a day. While these errors occur online, in the depths of the administration's database, they have...
  • Debt crisis punctures Social Security myth

    07/15/2011 12:53:54 PM PDT · by SmithL · 7 replies
    San Francisco Examiner ^ | 7/14/11 | Editor
    Prev Previous Article Editorials Print Comments 3 Debt crisis punctures Social Security myth By: Examiner Editorial | 07/14/11 9:00 PM "I cannot guarantee that those checks go out on Aug. 3,” President Barack Obama warned “CBS Evening News” viewers about Social Security on Tuesday night. “There may simply not be the money in the coffers to do it.” But how can that be? Haven’t Washington, D.C.’s professional politicians been telling us for decades that Social Security is in no danger of bankruptcy because of those trillions of dollars supposedly just sitting there in the Social Security Trust Fund? Why can’t...
  • CBS: Obama says he cannot guarantee Social Security checks will go out on August 3

    07/12/2011 10:45:43 AM PDT · by tcrlaf · 376 replies
    CBS NEWS ^ | 7-12-11 | Corbett Daily
    President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks. "I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News.
  • Obama’s Social Security Hoax: The president will demagogue Social Security as his ticket to...

    03/12/2011 1:53:02 PM PST · by neverdem · 44 replies
    NATIONAL REVIEW ONLINE ^ | March 11, 2011 | Charles Krauthammer
    Obama's Social Security HoaxThe president will demagogue Social Security as his ticket to reelection. Everyone knows that the U.S. budget is being devoured by entitlements. Everyone also knows that of the Big Three — Medicare, Medicaid, and Social Security — Social Security is the most solvable. Back-of-an-envelope solvable: Raise the retirement age, tweak the indexing formula (from wage inflation to price inflation), and means-test so that Warren Buffett’s check gets redirected to a senior in need. The relative ease of the fix is what makes the Obama administration’s Social Security strategy so shocking. The new line from the White House...
  • The Truth about Social Security

    04/04/2011 1:12:22 PM PDT · by Kaslin · 99 replies
    Townhall.com ^ | April 4, 2011 | Bruce Bialosky
    It should be obvious to every American that our entitlement programs – Social Security, Medicare and Medicaid – now represent the lion’s share of the Federal budget, and are growing at an unsustainable rate. Unfortunately, no realistic solution to this fiscal disaster has ever been seriously evaluated by Congress. Worse, no effort has ever been made by our leaders to honestly inform Americans of the dire severity – and ominous consequences – of our current predicament. Even when President Bush attempted to confront the issue of Social Security – for which he was mercilessly demonized by Democrats and their media...
  • NUGENT: Social Security: Anti-social and insecure

    02/07/2011 9:06:51 AM PST · by Route797 · 25 replies · 1+ views
    The Washington Times ^ | 2-4-2011 | Ted Nugent
    Americans have been used, strung along, ripped off, manipulated and frightened for decades by runaway gangs of power-mongering, deceptive politicians. I give you Social Security. As usual, it is the exact opposite of what we have been told. This classic Ponzi scheme is anti-social and insecure. President Franklin D. Roosevelt created Social Security 75 years ago. As with many other Fedzilla programs, Americans got suckered into believing Social Security was a healthy, wealthy and wise program. Social Security is bloated, broke and busted. FDR’s New Deal turned out to be the Rip-off Deal. There is an IOU for $2.5 trillion...
  • The Fraud at the Heart of Social Security

    01/17/2011 12:16:03 PM PST · by FromLori · 22 replies
    Of Two Minds ^ | 1/17/2011 | Charles Hugh Smith
    To understand the fraud at the heart of the Social Security Trust Fund, we start with a very simple fact: cash can only be spent once. There are two frauds at the very heart of the Social Security system, and I am going to describe and source them in detail. After spending a number of hours poring over public data from the Social Security Administration (SSA), The U.S. Treasury and the Congressional Budget Office (CBO), and additional hours searching the Web for other published analyses, I can state with some authority that there are no published analyses or accounts of...
  • Social Security Administration Admits To Massive Screw Up On Wage Data

    11/02/2010 12:28:31 PM PDT · by Rusty0604 · 25 replies
    Zero Hedge ^ | 11/02/2010 | Tyler Durden
    Of course, the timing for the revelation on the day of the elections is a total coincidence. As per the revised tables, average incomes of top earners did not quintuple as had been released on October 15 to $519 million, but instead declined by 7.7% to $84 million.
  • 105 Democratic Lawmakers Reject Any Social Security Reform

    09/30/2010 10:34:03 AM PDT · by Slyscribe · 44 replies
    IBD's Capital Hill ^ | 9/30/2010 | Sean Higgins
    Democrats calling on the White House to reject Social Security reform may not exactly be news, but this time they’re going beyond the usual, politically motivated allegation that Republicans want to privatize the program and are pushing the White House to preemptively reject even modest proposals such as raising the retirement age or means-testing benefits. In a conference call with reporters Thursday, Sens. Sherrod Brown, D-Ohio, Bernie Sanders, I-Vt., and Reps. John Conyers, D-Mich., Raul Grijalva, D-Ariz., and Dan Maffei, D-N.Y., announced they had a petition signed by 105 members of Congress pledging opposition to any kind of reform.
  • Social Security – Ponzi Scheme or Not? Voters Not Sure

    09/22/2010 8:19:57 AM PDT · by reaganaut1 · 23 replies · 2+ views
    Rasmussen Reports ^ | September 22, 2010
    The Merriam-Webster Dictionary describes a Ponzi scheme as “an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks.” Wisconsin Republican Senate candidate Ron Johnson made waves with his recent description of the Social Security system as a Ponzi scheme, but new Rasmussen Reports polling finds that just 27% of Likely U.S. Voters agree with him. A nationwide telephone survey shows that 36% disagree and don’t believe Social Security is a Ponzi scheme. However, a plurality of 37% aren’t sure. It is likely that many...
  • Obama: Social Security 'is not in crisis'

    08/18/2010 11:22:32 AM PDT · by Nachum · 46 replies
    The Hill [Washington, DC] | August 18, 2010 | Jordan Fabian
    President Obama said Social Security is not in crisis and only modest changes are needed to keep it solvent. The president acknowledged at a small town hall gathering in Columbus, Ohio, Wednesday that the pension fund "has to be tweaked because the population is getting older" but said Republicans' plans to drastically overhaul the program are wrong. "Social Security is not in crisis," Obama said. "We're going to have to make some modest adjustments in order to strengthen it." Social Security has become a significant campaign issue during the August recess — Democrats have attacked the GOP,
  • How Many Social Security Numbers Do You Have?

    08/12/2010 1:41:34 PM PDT · by jamese777 · 138 replies
    cnbc,com ^ | 8/12/10 | Christina Cheddar Berk
    That may seem like a ridiculous question, but a recent study found more than 20 million Americans have multiple Social Security numbers associated with their name in commercial records. The research was conducted by ID Analytics, a San Diego-based company that provides services to both detect identity fraud and to assess consumer identity risk and creditworthiness. The study found that rather than serving as a unique identifier, more than 40 million SSNs were associated with multiple people. "Our research shows that Social Security numbers, contrary to popular perception, do not uniquely identify an individual," said Stephen Coggeshall, chief technology officer...
  • What The Trustees Will Say About Social Security

    04/07/2010 7:51:40 AM PDT · by Slyscribe · 6 replies · 449+ views
    IBD's Capital Hill ^ | 4/7/2010 | Jed Graham
    It’s not surprising that the Obama administration has delayed the annual report from the Social Security and Medicare trustees to reflect the impact of health care legislation. ObamaCare will show an immediate improvement in the finances of both programs — at least on paper. How real that improvement turns out to be is another question. In the case of Medicare, any improvement will be vastly overstated. That’s because the law prescribes cost cuts and tax increases that will flow to Medicare’s bottom line, even though the measures were approved as a way to pay for an insurance expansion that is...
  • Union Workers Should Support Social Security Privatization

    03/21/2005 4:26:34 PM PST · by Rakkasan1 · 6 replies · 381+ views
    Cato ^ | Michael Tanner
    Union leaders have been among the most vocal opponentsof privatizing Social Security. Their opposition is some-thing of a mystery, because union workers would be amongthose who would gain the most if Social Security were trans-formed to a system of individually owned, privately investedaccounts. Because a privatized Social Security system wouldprovide a higher rate of return, union workers would receivefar greater benefits than they would under the currentSocial Security system. In contrast, traditional SocialSecurity fixes, such as raising payroll taxes, would severe-ly harm union workers.
  • Timothy J. Penny: Social Security trust fund is no more than an IOU

    03/03/2005 7:13:56 AM PST · by Rakkasan1 · 9 replies · 492+ views
    MPLS Star & Sickle ^ | 3-3-05 | Timothy J. Penny
    In a Feb. 22 editorial the Star Tribune wrote favorably of Rep. Martin Sabo's Social Security "fix." The Sabo "fix" essentially promises to pay a higher rate of interest on Social Security's trust fund than is now being paid. However, both Sabo and the Star Tribune fail to acknowledge that the trust fund doesn't consist of real money, but is simply an IOU from one part of the government to another. Raising the interest rate on bonds issued to the trust fund simply raises the amount of general fund revenue that the government will eventually be required to transfer back...
  • Bush takes on crucial debate about reforming Social Security

    02/15/2005 12:36:22 PM PST · by Rakkasan1 · 2 replies · 356+ views
    pioneer press ^ | 2-15-05 | rod grams
    When talking about Social Security reform, we need to make two points extremely clear: No one is going to end Social Security or reduce or take away any benefits you have earned over the years. And discussing other options is healthy for our country. Our Social Security system, in its current form, was designed for another era. It cannot meet the needs of today's demographics and it cannot support the benefits it has promised for tomorrow. A program that 50 years ago relied on 16 workers for each beneficiary now relies on three workers. And in less than 30 years...
  • Arvonne Fraser: Social Security cuts would hurt families, women (blah,blah,barf,blah)

    01/20/2005 6:26:14 PM PST · by Rakkasan1 · 17 replies · 365+ views
    The Star & Sickle ^ | 1-20-05 | Arvonne Fraser
    Whatever happened to family values? President Bush's proposal to privatize Social Security and promote an ownership society contradicts his campaign rhetoric. He is deliberately concealing the fact that today 4 million children are Social Security beneficiaries and that only 63 percent of all beneficiaries are retired workers. Of the $40 million in Social Security checks sent out in September -- the last month for which statistics are available -- only some $27 million went to retirees.