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Topic: Social security


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In the News (Fri 10 Jul 09)

  
  Project on Social Security Choice 2
Unlike her husband who as president sought to call attention to social security's problems, Hillary Clinton has claimed that the most recent Social Security Trustees Report shows that the system is "affordable and sustainable." She rejects the idea of personal accounts, claiming that the transition would be too costly.
By the year 2017, Social Security is scheduled to pay more in benefits than it receives in tax revenue, and the trust fund is scheduled to hit empty in the year 2041.
Social Security is plagued by the negative rate of return a worker receives on his contributions to Social Security.
www.socialsecurity.org   (2787 words)

  
  Social Security - MSN Encarta
In particular, it refers to the social insurance portion of that act, which uses contributions made by workers and employers to provide income to people and their families during retirement or in the case of involuntary unemployment, disability, or death.
However, poor laws foreshadowed the development of social insurance in Europe and Social Security in the United States in that they established a framework of public support for the elderly, the disabled, and the unemployed.
The core of the Social Security Act was to protect all citizens against the economic risks of unemployment and old age.
encarta.msn.com /encyclopedia_761561113/Social_Security.html   (2334 words)

  
  Social Security (United States) - Wikipedia, the free encyclopedia
The Social Security Act was drafted by President Roosevelt's committee on economic security under Edwin E. Witte, and passed by Congress in 1935 as part of the New Deal.
Social Security was changed to withdraw funds from the independent "Trust" and put it into the General fund for additional congressional revenue.
The social security number, or SSN, is issued pursuant to section 205(c)(2) of the Social Security Act, codified as 42 U.S.C. § 405(c)(2).
en.wikipedia.org /wiki/Social_Security_(United_States)   (5643 words)

  
 Strengthening Social Security
Social Security was one of the great moral successes of the 20th century by providing a critical foundation of income for retired and disabled workers.
Social Security is sound for today’s seniors and for those nearing retirement, but it needs to be fixed for younger workers – our children and grandchildren.
President Participates in Social Security Conversation in Maryland
www.whitehouse.gov /infocus/social-security   (761 words)

  
 Social Security Issue Guide: Facts at a Glance
Social Security paid a total of $471 billion to retired workers, disabled workers, and to the surviving family members of deceased workers in 2001 (SSA 2004 Trustees Report).
Social Security's finances are not subject to the ups and downs of the stock market, or the luck of individual investors.
Social Security replaces the source of income a worker has lost due to retirement or disability, or the income a family has lost due to the worker's death.
www.epinet.org /content.cfm/issueguide_socialsecurityfacts   (0 words)

  
 Center on Budget and Policy Priorities
Social Security benefits raise nearly 13 million American seniors out of poverty, greatly reducing the share of America’s elderly population that is poor.
While Social Security faces a significant long-term funding shortfall, the Social Security Trustees report that it will be able to pay full benefits until 2041 and about 75 percent of promised benefits after that, if no changes are made to the program.
The Social Security shortfall over the next 75 years is about one-third as big as the cost of extending the recent tax cuts during that period.
www.cbpp.org /pubs/socsec.htm   (253 words)

  
 Social Security, by Carolyn L. Weaver: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Those who retired in the early years of Social Security got huge wealth transfers because they paid taxes for only part of their work lives and because, as the system was being expanded and taxes were being raised, they paid these higher taxes for only a few years.
There is much evidence for the view that Social Security has contributed to the sharp decline in labor force participation rates and in the average age of retirement for older men.
Carolyn L. Weaver is resident scholar and director of the Social Security and Pension Project at the American Enterprise Institute in Washington, D.C. She is also a member of the Social Security Advisory Board.
www.econlib.org /library/Enc/SocialSecurity.html   (2032 words)

  
 Social Security   (Site not responding. Last check: )
Social Security is a retirement-security program that has, over the years, provided vital assistance to millions of American seniors, as well as to disabled persons and the families of workers who have passed away.
According to 2005 data from the Social Security Administration, almost 923,000 Arizonans were receiving Social Security benefits – about 15.5 percent of the state’s total population.
The problem is that, if nothing is done to address the impending bankruptcy of the Social Security system, the program’s promise of retirement security will be broken for future generations.
kyl.senate.gov /legis_center/socialsecurity.cfm   (243 words)

  
 SOCIAL SECURITY
The legislation which started Social Security in 1934 must be viewed in the light of the various Supreme Court cases decided within a few decades of that legislation and prior thereto.
Social Security scheme,[3] one would expect to find language in the act similar to the following: "Every American of the age of 18 years or older shall submit an application with the Social Security Administration and shall provide thereon the information required by regulations prescribed by the Secretary.
The Social Security Administration (SSA) may enter into an agreement with officials of a State * * * to establish, as part of the official birth registration process, a procedure to assist SSA in assigning social security numbers to newborn children.
home.hiwaay.net /~becraft/ssn.html   (4099 words)

  
 FAQs About Social Security Choice
Social Security is safe today but will run deficits in just12 years.
But the Social Security payroll tax is already the biggest tax that the average American family pays.
Someone who will rely on Social Security for the bulk of her retirement income, for example, could choose a more conservative mix of stocks and bonds.
www.socialsecurity.org /reformandyou/faqs.html   (2430 words)

  
 Social Security   (Site not responding. Last check: )
In an example where a person is projected to receive $15,000 in Social Security benefits in the year 2017, this refers to an amount of money that would have the same buying power as $15,000 in the year 2000.
She paid a total of $24.74 in Social Security taxes and received a total of $22,888.92 in Social Security benefits (numbers not adjusted for inflation).
The Social Security Administration estimates that it pays between 39 and 179 million dollars per year to felony fugitives.
www.justfacts.com /socialsecurity.htm   (3163 words)

  
 FCIC: Social Security
Social Security is a method of providing a continuing income to you and your family if your earnings stop or are reduced by retirement, disability or death.
Social Security payments will not replace all lost income, however, and you should be prepared to supplement it with savings, investments, other insurance or pensions.
Everyone is required to have a Social Security number in order to work, to file a federal income tax return, or to be claimed as a dependent on someone else’s return.
www.pueblo.gsa.gov /cic_text/fed_prog/aboutsocial-security/aboutsocial-security.htm   (3303 words)

  
 Social Security Online
Learn about Social Security's work incentives program for people with disabilities.
Social Security Improves Service and Expands Outreach to Wounded Veterans
Social Security delivers the most popular baby names for 2006
www.ssa.gov   (226 words)

  
 EPIC Social Security Number (SSN) Privacy Page
The names and Social Security numbers of all 64,000 Ohio state employees are on a backup data storage device that was stolen last weekend from a state agency intern's car.
Social Security Numbers: Subcommittee Questions Concerning the Use of the Number for Purposes Not Related to Social Security, GAO/HEHS/AIMD-00-253R SSN Use Questions, July 7, 2000.
Social Security Numbers, Government and Commercial Use of the Social Security Number Is Widespread, GAO 99-28, February 1999.
www.epic.org /privacy/ssn   (0 words)

  
 Social Security Information Page
"The Derailing of Social Security" discusses how studies from the Cato Institute and the Heritage Foundation are fatally flawed, a fact not reported in the major media, which uses their "experts" as neutral commentators, and not the shills for Wall Street that they are.
Social Security and the 2000 Elections is a new section of their site dealing (obviously) with the Gore and Bush campaigns positions on Social Security.
Particularly useful is "The Future of Social Security," which documents the benefits that Social Security has provided the nation's retirees and others for the last 60 years.
userdata.acd.net /demarco.chris/sspriv.htm   (2227 words)

  
 Grandfather Social Security Report by MWHodges
Social Security will begin paying out more in benefits than it receives in taxes in 2017, twelve years from now and a year earlier than previously estimated, trustees said March 23, 2005.
However, in the same notice government implied there was a huge amount of inflation since seniors were also informed of a 14% increase (7 times the published general inflation rate) in the deduction from their SS payment to cover the Medicare premium.
Whether you are positive or negative regarding the President's proposed changes to social security he should be given credit for raising this 'third-rail' issue to a high level of public discourse.
home.att.net /~mwhodges/soc_sec.htm   (2456 words)

  
 NPR : Social Security Debate
Social Security Benefits Rise 2.3 Percent Next Year
Democrats had stayed away from offering a specific fix for the projected Social Security shortfall, instead allowing President Bush to present his ideas.
Levin is the ranking member on the Social Security Subcommittee of the House Ways and Means Committee.
www.npr.org /templates/topics/topic.php?topicId=1083   (609 words)

  
 Social Security
Social Security Expected to Be Primary Retirement Income for 94 Percent of Seniors
June 4, 2004 - Social Security and Medicare benefits are on a course to crowd out funding for every other government program in the absence of significant tax increases, according to a new report co-authored by Social Security and Medicare Trustee Thomas R. Saving.
March 28, 2002 - The Social Security Board of Trustees reported to Congress on March 26 that the Social Security program continues to be substantially underfinanced for the long term, while extending the projected solvency of the trust funds by three years.
www.seniorjournal.com /SocialSecurity.htm   (0 words)

  
 GOP.com | Republican National Committee :: Issues - Social Security
Social Security is sound for today's seniors and for those nearing retirement, but it needs to be fixed for younger workers - our children and grandchildren.
If we do not act to fix Social Security now, the only solutions will be dramatically higher taxes, massive new borrowing or sudden and severe cuts in Social Security benefits or other government programs.
To keep the promise of Social Security alive for our children and grandchildren, we need to fix Social Security now once and for all.
www.gop.com /Issues/SocialSecurity   (429 words)

  
 Social Security - Retirement Planning - AARP
AARP believes the current Social Security system needs to be strengthened and supports steps to address future shortfalls.
It is a family income protection program that reflects the commitment of the country to the economic security of workers, retirees and their families.
The problems in financing Social Security may not be big as some people make them out to be.
www.aarp.org /socialsecurity   (476 words)

  
 Social Security Issue Guide
Social Security is one of America's most important and successful programs, providing over $471 billion in benefits to more than 47 million people in 2003.
The Social Security system provides three distinct types of benefits for workers and their families: lifetime retirement benefits for retirees who have worked at least ten years, their spouses, and their children; disability insurance for workers, their spouses, and their children; and survivors' insurance for the families of deceased workers.
Despite the fact that the Social Security trust fund is as robust today as it has been in recent years, the administration proposes to radically change the Social Security program by cutting benefits while at the same time allowing workers to create individual private accounts.
www.epinet.org /content.cfm/issueguide_socialsecurity   (0 words)

  
 Center for Economic and Policy Research: Social Security & Medicare Page
The Burden of Social Security Taxes and the Burden of Excessive Health Care Costs, by Dean Baker and David Rosnick, March 24, 2005 (revised April 8, 2005).
Dean Baker on C-SPAN discussing Social Security with Gene Sperling from the Center for American Progress and Jason Furman from the Center on Budget and Policy Priorities, January 10, 2005.
The Effects of Growth on Social Security, a letter from Dean Baker to The Urban Institute's Rudolph G. Penner, Jan. 26, 2004.
www.cepr.net /pages/socialsecuritymedicare.htm   (2148 words)

  
 Social Security: Election Center 2008 - CNN.com
Supports private retirement accounts as a part of Social Security, but not at the expense of guaranteed benefits.
Supports investing money from the Social Security Trust Fund to improve solvency, and allowing workers to leave surplus benefits to their heirs.
Says excessive government spending is the cause of Social Security insolvency problems.
www.cnn.com /ELECTION/2008/issues/issues.socialsecurity.html   (374 words)

  
 Social Security Reform Center
The Social Security Reform Center is your one-stop source on the Social Security reform debate.
As President George W. Bush has described, Social Security can be strengthened in a way that improves workers' returns, erases the system's future deficits, and helps all Americans save a nest egg that they can pass on to their children and grandchildren.
And be sure to bookmark the Social Security Reform Center and come back regularly for the latest news on the state of Social Security reform and what it means to you.
www.socialsecurityreform.org /index.cfm   (519 words)

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