Tag Archives | Social Security

Ron Paul Admits He Draws Benefits From The Social Security System He’s Working to Destroy

Okay, so the mask is finally off.  But honestly, it never really was much of a disguise, was it?  From Erin Mershon at the Huffington Post:

Rep. Ron Paul (R-Texas) may rail against Social Security insolvency in the public eye, but that hasn’t stopped him from accepting the government checks.

The libertarian-leaning Republican and former presidential candidate admitted Wednesday that he accepts Social Security checks just minutes after he called for younger generations to wean themselves off the program, in an interview on MSNBC’s “Morning Joe.”

“I want young people to opt out of Social Security, but my goal isn’t to cut,” he said.

The Huffington Post’s Sam Stein then asked Paul, “A bit of a personal question — Are you on Social Security? Do you get social security checks?”

Paul admitted he does, stating, “[It's] just as I use the post office, I use government highways, I use the banks, I use the federal reserve system.

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Seven Big Economic Lies

Do tax cuts for the rich trickle down to the rest of us? And does taxing the rich hurt the economy? Is Social security a Ponzi scheme? Robert Reich, Secretary of Labor under President Bill Clinton, presents his list of seven popular-wisdom economic claims that are untrue. Feel free to debate.
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The Koch Brothers Echo Chamber Attacks Social Security

Senator Sanders connects the dots between the Koch brothers and the attacks on Social Security. This video, part of the Brave New Films' Koch Brothers Exposed campaign, investigates the millions of dollars that the Koch brothers spend to create an echo chamber to take away our Social Security. Read more about the right wing echo chamber at Alternet. Help spread the word so we can expose the Koch brothers and protect our Social Security.
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The U.S. Owes $62 Trillion in Financial Promises

Out Of MoneyDennis Cauchon writes in USA Today:
The federal government's financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows. The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for. This gap between spending commitments and revenue last year equals more than one-third of the nation's gross domestic product. Medicare alone took on $1.8 trillion in new liabilities, more than the record deficit prompting heated debate between Congress and the White House over lifting the debt ceiling.
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Google Collects Kids’ Social Security Numbers During Contest

GoogleGoogle has been criticized, yet again, for its data gathering process. In the contest “Doodle-4-Google,” children were asked to redesign the home page logo, and for their social security numbers. The International Business Times reports:

Google’s data gathering has come under fire again, this time because of an art contest for children.

The “Doodle-4-Google” contest invites children to redesign the home page logo. The contest has been in place for four years, and this year the theme is “What I’d like to do someday…”

The problem was in the registration form, which asked for the last four digits of the child’s social security number and the city of their birth, as well as the name and address of the parent or legal guardian.

Stories appeared in New York Magazine and The Huffington Post, but Google changed the registration form to omit the question about the last four digits of the social security number on Feb.

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Social Security to Start Paying Out More Than It Takes In (Again)

Ida May Fuller

Ida May Fuller of Ludlow, Vermont received the first Social Security payment on January 31, 1940.

I have never had any expectations I that ever will collect Social Security … let’s see how Congress deals with this crisis (again). This entitlement system (from an accounting standpoint) sure does hope you die before you get old…

STEPHEN OHLEMACHER writes on the AP via Yahoo News:

PARKERSBURG, W.Va. — The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

It’s time to start cashing them in.

For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year.

Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.

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