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I recently had the opportunity to address a group of patriotic young Americans at the Young Republican National Convention in Dallas, Texas. I was able to visit with a number of these bright young people, either individually or in small groups, both before and after my talk. One of the things that I learned is that many of them do not support our Social Security system, and there were several reasons given for this. For example, one said that he believes Social Security will go broke long before he reaches retirement age. Another gentleman said that he could do far...

Lately I’ve been losing track of how old everyone is. Friends, co-workers and family members are resisting middle age with vigorous exercise, careful diets and regular doctor visits. Even when 50-year-olds look like they’re 50, they often dress or party as if they’re still in their twenties. Our capacity to fetishize youth never ceases to amaze. But while older Americans definitely want to look like younger folks, they certainly don’t want their finances. That’s because the wealth gap between generations keeps widening, and their children’s future is beginning to look ugly. Just two years ago, the median American born in...

The Old-Age, Survivors, and Disability Insurance (OASDI) program commonly known as Social Security, which celebrated its 80th birthday on August 14, is projected to run an $84 billion deficit this year, according to the 2015 Annual Report of the Board of Trustees. […] During 2014, $646.2 billion in payroll taxes was collected from 166 million working Americans. But that was not enough to cover the $859 billion in Social Security benefits that were collected by 59 million people, including 42 million retired workers and their dependents, six million survivors of deceased workers, and 11 million disabled workers and their dependents....

The total number of people in the United States now receiving federal disability benefits hit a record 10,988,269 in December, up from the previous record of 10,982,920 set in November, according to newly released data from the Social Security Administration. The average monthly benefit paid to a disabled worker also hit a record of $1,146.43 in December, up from a previous high of $1,130.34 in December of last year. Spouses of disabled workers also got a record average monthly benefit of $308.13 in December, up from a previous high of $304.31 in August. Children of disabled workers also received a...

Federal auditors said Friday the Social Security Administration still struggles with a basic problem — figuring out who is dead and who is not. The question is a crucial one, since federal agencies rely on the administration to cross-match data on deceased persons and avoid paying out federally funded benefits to people who aren’t alive, or to establish accurate benefits for survivors. The administration also maintains a “Death Master File” that is available to the public. “SSA’s methods for processing death reports may result in inaccurate, incomplete or untimely information for users of its death data,” the Government Accountability Office,...

Congressional negotiators put their final signatures late Wednesday on an economic plan worth more than $150 billion that would extend a payroll tax holiday and unemployment benefits. A key roadblock was overcome when the lawmakers agreed to require new federal workers to contribute more to their pension plans, clearing the way for a majority of the House-Senate conference committee to approve the deal just past 11 p.m., aides in both parties said. A vote could come as early as Friday, the last act in a five-month battle over President Obama's proposed jobs plan.

The Social Security system in my opinion is definitely a ponzi scheme and what follows is a way to fix it. If you agree with this approach, please cut and paste and pass it on to other forums.

When House Speaker John Boehner calls for trillions of dollars of spending cuts, the message is clear. Any deal to raise the federal debt ceiling must include significant savings in Social Security and Medicare benefits. Subsidizing the elderly is the biggest piece of federal spending (more than two-fifths of the total), but trimming benefits for well-off seniors isn't just budget arithmetic. It's also the right thing to do. I have been urging higher eligibility ages and more means-testing for Social Security and Medicare for so long that I forget that many Americans still accept the outdated and propagandistic notion that...

Seniors should be older before the receive Social Security and wealthy Americans should receive less benefits across the board, says Sen. Lindsey Graham, R-S.C. He made the argument in an interview on Sunday's Meet the Press, but it's a position Graham has advocated for on the stump in South Carolina, including a 2009 stop at The Citadel with Sen. John McCain, R-Ariz. "What I'm going to do is challenge this country to make some hard decisions," Graham said at the time, telling the crowd of cadets, Tea Partiers, and Graham supporters that they shouldn't give Congress a pass on the...

With little fanfare, Congress has begun preparing to rewrite Social Security to shore up its creaky finances. It’s an about-face of sorts for Democrats, who during the Bush administration avoided all discussions of overhauling Social Security. But given the nation’s worsened fiscal situation, and the difficulty of raising taxes or cutting Medicare, fixing Social Security is beginning to look relatively easy by comparison. It could become a focus of President Barack Obama’s efforts to address deficits. The activity surfaced on Thursday in a couple of committee meetings, one in the House and one in the Senate. The discussion comes as...

The Social Security wars are about to begin again. It is no secret that Harry Reid sees the road to his Senate re-election as running through Social Security. His opponent, former Assemblywoman Sharron Angle, supports proposals to allow younger workers to privately invest a portion of their Social Security taxes through personal accounts. Reid has been practically salivating at the prospect of portraying her as sentencing seniors to a life of eating cat food. In fact, just last week, Bill Clinton was in town attacking Angle for "wanting to get rid of Social Security." Social Security is certainly a fair-game...

WASHINGTON – Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that's happened since the 1980s. The deficits — $10 billion in 2010 and $9 billion in 2011 — won't affect payments to retirees because Social Security has accumulated surpluses from previous years totaling $2.5 trillion. But they will add to the overall federal deficit.

The Social Security System, a giant totem that liberals uphold and look to. A symbol of so called reforms by the former dictator FDR and his new sham. We are told over and over by liberals that Social Security is for helping the weak, the old and infirm. It is a symbol of enlightenment. But don't you dare say a word about it. Social security is not only beloved, it is a third rail in politics. Don't you dare speak out against it. Thankfully I'm not a member of congress, (yet) So I think I will discuss some of the...

The 2009 Social Security and Medicare Trustees Reports show the combined unfunded liability of these two programs has reached nearly $107 trillion in today's dollars! That is about seven times the size of the U.S. economy and 10 times the size of the outstanding national debt, says Pamela Villarreal, a senior policy analyst with the National Center for Policy Analysis. The unfunded liability is the difference between the benefits that have been promised to current and future retirees and what will be collected in dedicated taxes and Medicare premiums. Last year alone, this debt rose by $5 trillion. If no...

Government obligations for Social Security and Medicare may soon exceed the combined net worth of every household and nonprofit organization in the country. Prices dropped last year. But we still need to invest to protect ourselves from inflation. That's why our retirement-plan investing needs an inflation "tilt." You'll understand why in a few paragraphs. How bad will future inflation be? I don't know. Neither does anyone else. It could be a normal inflation of 3% to 4% a year. It could also be a banana-republic 10% a month. What we know is that all governments make promises they can't fulfill....

BY JACKIE CALMES WASHINGTON — President Obama is eager to seek a bipartisan solution to ensure the long-term solvency of Social Security, people who have spoken with him say, but he is running into opposition from his party’s left and from Democratic Congressional leaders who contend that his political capital would be better spent on health care and other priorities. Mr. Obama considered announcing the formation of a Social Security task force at a White House “fiscal responsibility summit” that he will convene on Monday. But several Democrats said that idea had been shelved, partly because of objections from House...

Funny stuff.

Should illegal aliens be allowed to receive social security if they have false social security numbers? Yes 1% No 99%

Social Security Number Verification Verify Social Security Numbers Over the Internet Overview There are two Internet verification options you can use to verify that your employee names and Social Security numbers match Social Security's records. You can: Verify up to 10 names and SSNs (per screen) online and receive immediate results. This option is ideal to verify new hires. OR Upload batch files of up to 250,000 names and SSNs and usually receive results the next government business day. This option is ideal if you want to verify an entire payroll data base or if you hire a large number...

Viva La Razzle-Dazzle Another Two Cents on Immigration and Labor By David J. Aland 31 March 2006 Every backyard quarterback knows how to do it. “Magicians” – from the most rudimentary prestidigitators to the nationally-televised are experts at it. In the blockbuster musical “Chicago”, it is touted as the most powerful of the attorney’s tools. The art of Razzle-Dazzle is essentially an unsophisticated form of triangulation aimed at distracting an unsophisticated audience from what is really happening. For the last week, the debate over immigration has been little more than that. Immigration challenges every country where the potential for prosperity...