Quotes About Social security

Likewise, Jimmy Swaggart Ministries lost its bid to avoid sales taxes,4 Native American believers had no right to direct how the federal government develops federal land,5 Jewish merchants could not force the weekly day of no retail sales to coincide with their Sabbath,6 and a Native American family could not refuse to obtain a Social Security number for their 2-year-old daughter as a precondition to getting federal welfare.

7 million American children suddenly disappear in 1987? On paper, it seemed so. That's the year the IRS began requiring Social Security numbers for dependent children, and the number dropped dramatically.

Of course, many have benefited from Social Security over the decades, especially the elderly. But the overall structure, which as Roosevelt insisted at the outset, put politics before economics, was and is, in the end, economically and fiscally irrational and irresponsible.

The only way that the Treasury can redeem its debt to the Social Security Administration is to borrow the money from the public, run a surplus in its other activities or have the Federal Reserve print the money—the same alternatives that would be open to it to pay Social Security benefits if there were no trust fund.

Recently, another warning was issued by the Congressional Budget Office (CBO) in its 2014 annual budget outlook, in which it announced that Social Security (and other entitlement programs) is "unsustainable" and will drive federally held debt to historic levels, thereby threatening the overall economy.24

THE LARGEST SINGLE COMPONENT of the federal budget, and perhaps the greatest and most financially devastating burden imposed on younger people and future generations, is the Social Security program. This is not a recent development. Since 1993, it has outspent defense appropriations. As a percentage of federal spending, Social Security's expenditures have ranged from 0.22 percent during World War II to 24 percent in 2013.1 And Social Security costs are actually skyrocketing.

If you retired in 1960, you could expect to get back seven times more in benefits than you paid in Social Security taxes, and more if you were a low-income worker, as long as you made it to age 78 for men and 81 for women. As recently as 1985, workers at every income level could retire and expect to get more in benefits than they paid in Social Security taxes, though they didn't do quite as well as their parents and grandparents. Not anymore.

We need to take steps to strengthen and mend Social Security so that its promise of a secure retirement is just as real for seniors in the future as it is today.

Social Security's future has gotten worse, and each year we delay reform adds to the cost we are pushing off onto our children.

The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut.

I think we need to make sure that we are putting Social Security on a sustainable path. It's absolutely something that the federal government is going to be involved in, in the future.

Age-based retirement arbitrarily severs productive persons from their livelihood, squanders their talents, scars their health, strains an already overburdened Social Security system, and drives many elderly people into poverty and despair. Ageism is as odious as racism and sexism.

Money is to my social existence what health is to my body.

think tank New American Economy estimates that though 8 million undocumented workers contributed about $13 billion in payroll taxes in 2016, they generally cannot claim Social Security benefits.

The Social Security trust fund is in pretty good shape today and we should not embark upon risky, dangerous schemes which will, in fact, undermine Social Security, such as privatization.

When Franklin D. Roosevelt launched Social Security in 1935, he did not present it as expressing the mutual obligation of citizens to one another. ... Rather than offer a communal rationale, FDR argued that such rights were essential to "true individual freedom," adding, "necessitous men are not free men.

Social Security Disability Plans: This segment of Social Security is different from the more common retirement benefit payout. Two programs are available: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Both programs have stringent eligibility requirements.

It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.

The money that goes into Social Security is not the government's money. it's your money. You paid for it.

The American people I talk to don't spend every moment thinking, 'How can I tax my neighbor more than they're being taxed?' They say, 'How can I get a good job? How can my kids get good jobs? How can seniors have a confidence in their future when they know that Social Security, Medicare and Medicaid are bankrupt?'

Southern politicians shortchanged rural Americans in another crucial way: they made sure that the New Deal's signature Social Security program excluded farm laborers.

Ensuring social protection for all children and other vulnerable groups is critical to reduce poverty.

Our nation's Social Security Trust Fund is depleting at an alarming rate, and failure to implement immediate reforms endangers the ability of Americans to plan for their retirement with the options and certainty they deserve.