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The Status Of The Social Security Trust Funds
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Author :United States. Board of Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds Publisher : ISBN 13 : Total Pages :16 pages Book Rating :4.:/5 (48 download)
Book Synopsis The Status of the Social Security Trust Funds by : United States. Board of Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds
Download or read book The Status of the Social Security Trust Funds written by United States. Board of Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds and published by . This book was released on 1963 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis What's the Status of the Social Security Trust Funds? by : United States. Social Security Administration
Download or read book What's the Status of the Social Security Trust Funds? written by United States. Social Security Administration and published by . This book was released on 1968 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security and Family Policy Publisher : ISBN 13 : Total Pages :186 pages Book Rating :4.:/5 (51 download)
Book Synopsis Long-term Status of the Social Security Trust Funds by : United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security and Family Policy
Download or read book Long-term Status of the Social Security Trust Funds written by United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security and Family Policy and published by . This book was released on 1988 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Finance. Subcommittee on Social Security and Family Policy Publisher : ISBN 13 : Total Pages :184 pages Book Rating :4.F/5 ( download)
Book Synopsis Long-term Status of the Social Security Trust Funds by : United States. Congress. House. Committee on Finance. Subcommittee on Social Security and Family Policy
Download or read book Long-term Status of the Social Security Trust Funds written by United States. Congress. House. Committee on Finance. Subcommittee on Social Security and Family Policy and published by . This book was released on 1988 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Report of the National Commission on Social Security Reform by : United States. National Commission on Social Security Reform
Download or read book Report of the National Commission on Social Security Reform written by United States. National Commission on Social Security Reform and published by . This book was released on 1983 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Status of the Social Security Trust Funds, by the Trustees by : United States. Social Security Administration
Download or read book The Status of the Social Security Trust Funds, by the Trustees written by United States. Social Security Administration and published by . This book was released on 1963 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Ticket to Work and Work Incentives Improvement Act of 1999 by : United States
Download or read book Ticket to Work and Work Incentives Improvement Act of 1999 written by United States and published by . This book was released on 1999 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Raiding the Trust Fund by : Allen W. Smith
Download or read book Raiding the Trust Fund written by Allen W. Smith and published by Ironwood Publications (FL). This book was released on 2015-09-29 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The money's gone! Social Security doesn't have $2.7 trillion stashed away for paying benefits, as so many people believe. It cannot pay benefits for another 20 years, as is often claimed. In fact, Social Security does not have enough money to pay full benefits, even for 2014, without borrowing money from China or another of our creditors. How can this be? Wasn't Social Security fixed by the Social Security Amendments of 1983, which included a large increase in payroll taxes? That's what we were told at the time. President Reagan signed that legislation into law with great fanfare on April 20, 1983. With his comments at the signing ceremony, Reagan gave the impression that it was a proud day for America. But, instead of being a proud day for America, as Reagan implied, the day the new legislation was signed into law, turned out to be a day of shame for the United States. The Social Security Amendments of 1983 laid the foundation for 30 years of government embezzlement of Social Security funds. The money was used to pay for wars, tax cuts for the rich, and other government programs. The payroll tax hike of 1983 generated a total of $2.7 trillion in surplus Social Security revenue. This surplus revenue was supposed to be saved and invested in marketable U.S. Treasury bonds, which would be held in the trust fund until the baby boomers began to retire in about 2010. But not one dime of that money ever made its way to the Social Security trust fund. The 1983 legislation was sold to the public, and to Congress, as a long-term fix for Social Security. With the help of Alan Greenspan, Reagan was a super salesman, who could have sold almost anything to the public-even a scam. And that's exactly what he was selling. Reagan intended to use the surplus Social Security revenue to replace revenue lost because of his unaffordable income tax cuts. Instead of being set aside for the retirement of the baby boomers, as was the intent of the legislation, the extra Social Security revenue was deposited directly into the general fund just like income tax revenue. From the very beginning, Reagan and his advisors had no intention of saving and investing the new revenue for the retirement of the baby boomers. They needed additional general tax revenue, and an increase in the payroll tax would be much easier to enact than higher income taxes. Also, the potential to get vast amounts of revenue was much greater with a payroll tax increase than from an income tax increase. The baby boomers, the largest generation of Americans who ever lived, were already making large contributions to the Social Security fund. Like all previous generations, prior to 1983, the boomers were being required to pay the full cost of benefits paid to the previous generation. But, the proposed new legislation would hit the boomers with a double whammy. In addition to paying for their parents' benefits, the new law would require the baby boomers to also pay enough additional taxes to prepay the cost of their own benefits. This would generate a potential gold mine of surplus revenue that could be tapped and used for other purposes. But none of the $2.7 trillion in additional Social Security revenue was ever saved or invested in anything. The actual surplus money was replaced with nonmarketable government IOUs, which cannot be converted into cash or used to pay Social Security benefits. It would have been bad enough if only Reagan had looted Social Security money. But George H.W. Bush, Bill Clinton, and George W. Bush all followed in Reagan's footsteps and spent all of the Social Security surplus revenue for non-Social Security purposes, just like Reagan. This book is a must read for all who care about the future of Social Security and the integrity of their government.
Book Synopsis What's Status of Social Security Trust Funds? by :
Download or read book What's Status of Social Security Trust Funds? written by and published by . This book was released on 1968 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Social Security Reform by : Peter A. Diamond
Download or read book Social Security Reform written by Peter A. Diamond and published by OUP Oxford. This book was released on 2002 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Also considered are the risks in the political process."--BOOK JACKET.
Book Synopsis Privatizing Social Security by : Martin Feldstein
Download or read book Privatizing Social Security written by Martin Feldstein and published by University of Chicago Press. This book was released on 2008-04-15 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest
Book Synopsis The Government We Deserve by : C. Eugene Steuerle
Download or read book The Government We Deserve written by C. Eugene Steuerle and published by The Urban Insitute. This book was released on 1998 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Takes a visionary look at what it will take to create a constructive national dialog on political choices that the next decade will bring. Explores a sweeping range of concerns and describes eight proposals that would return ownership of the government to the American majority, with chapters on the government's changing capacity to respond, the changing political process, the role of the public sector, and the changing shape of US federalism. Annotation copyrighted by Book News, Inc., Portland, OR
Author :United States. Board of Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds Publisher : ISBN 13 : Total Pages :20 pages Book Rating :4.3/5 ( download)
Book Synopsis Status of the Social Security and Medicare Programs by : United States. Board of Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds
Download or read book Status of the Social Security and Medicare Programs written by United States. Board of Trustees of the Federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds and published by . This book was released on 1996 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Social Security by : Christine A. Scott
Download or read book Social Security written by Christine A. Scott and published by . This book was released on 2005 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Social Security program is financed primarily through taxes, which are deposited in the U.S. Treasury and credited to the Social Security trust fund. Any revenues credited to the trust fund in excess of costs (benefits payments and administrative costs) are invested in special U.S. obligations (debt instruments of the U.S. government). The Social Security trust fund represents funds dedicated to pay current and future Social Security benefits. However, it is useful to view the trust fund in two ways: (1) as a balance of an internal federal accounting concept, and (2) as the accumulated holdings of Social Security programs. For internal accounting purposes, ceratin accounts within the U.S. Treasury are designated by law as trust funds in order to properly track revenues dedicated to certain purposes (or expenditures). There are a number of trust funds in the U.S. Treasury including those for Social Security, Medicare, unemployment compensation, and federal employee retirement. The monies in the Social Security trust fund in the U.S. Treasury are owned by the U.S. government, which can (by changing the law) raise or lower revenues to the trust fund, or payments from the trust fund. By law, any positive annual balance (or cash flow surplus) in the Social Security trust fund must be invested in U.S. government obligations. The accumulated holdings of U.S. obligations are often viewed as being similar to assets held by any other trust on behalf of the beneficiaries. However, the holdings of the Social Security trust fund differ from those of private trusts because: (1) the types of investments it may hold are limited; and (2) the U.S. government is both the buyer and seller of investments. This paper will review some of the basics of how the Social Security program is funded, and how the Social Security trust fund works.
Author :United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security and Family Policy Publisher : ISBN 13 : Total Pages :134 pages Book Rating :4.0/5 (1 download)
Book Synopsis Solvency of the Social Security Trust Funds by : United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security and Family Policy
Download or read book Solvency of the Social Security Trust Funds written by United States. Congress. Senate. Committee on Finance. Subcommittee on Social Security and Family Policy and published by . This book was released on 1995 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Will America Grow Up Before it Grows Old? by : Peter G. Peterson
Download or read book Will America Grow Up Before it Grows Old? written by Peter G. Peterson and published by Random House (NY). This book was released on 1996 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The facts are plain: Social Security is headed for massive, unsustainable deficits in the next century. Politicians talk of a Social security "trust fund" but there are no hard assets in it--only government bonds. The reality is that Social Security is really a "pay as you go" system, with benefits to current retirees paid not out any saved trust funds but out of taxes on the payroll of today; s workforce. But what will happen when these employees retire; when, in less than fifteen years, the 76 million members of the baby boom generation -- the largest in our history -- stop paying in and start taking money out? And what can we as individuals and as citizens do now to prevent these catastrophic deficits. The crises towards which we are careening (by 2025, 1 American in 5 will be 65 or older and it will take an already overloaded 1.6 working Americans to support each retired person) will not only be felt personally by the many millions stranded with no savings and without benefits, but will shiver the country's economy as a whole as well as the world financial system. With courage, clarity and incontrovertible evidence, Peterson spells out this huge -- if politically unmentionable -- problem more clearly than ever before and tells us what we must do now for our personal survival and that of our children. According to recent polls, more young Americans believe in UFOs than think they will ever receive a Social Security check. Yet most Baby Boomers, as they approach retirement age, believe they will continue to live their present lifestyle in retirement -- without a fraction of the personal savings or pensions necessary to pay for the future they expect. This agingpopulation -- double today's load -- will depend on as few as 1.6 working Americans to support each retired person. Who will support this nation of Floridas? In this short, powerful book, Peter G. Peterson, one of American's top investment bankers and a leading critic of our entitlement policy, spells out in the clearest possible language, with unmistakable numbers and easy-to-read charts, the disaster that lies ahead if we continue to ignore our low saving rate, our ballooning federal deficits, and our enormous unfunded and unsustainable commitments to retirees. Peterson reveals what politicians are afraid to admit: trillions of dollars of promised benefits for which no funds have been provided. Shattering the myths surrounding this subject with hard facts and eye-opening views of the future, Peterson gives the most comprehensive and candid plan for a gradual, humane, fair, and realistic answer to the greatest challenge of the next century: transforming our political, economic, cultural, and social assumptions to adapt to the realities of the graying of America.
Author :United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security Publisher : ISBN 13 : Total Pages :108 pages Book Rating :4.0/5 ( download)
Book Synopsis Legislative Proposals to Prohibit Disinvestment of the Social Security Trust Funds by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security
Download or read book Legislative Proposals to Prohibit Disinvestment of the Social Security Trust Funds written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security and published by . This book was released on 1986 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
