Social Security's 79th Birthday Happy Anniversary, Social Security! It’s been 79 years, and the American people love you.
Oh, and by the way, Democrats built that. Also, Democrats built some other things similar to Social Security… like Medicare and Obamacare.
Quoted Text
“In the nearly eight decades since its enactment, Social Security has stood as a cornerstone of economic certainty for millions of America’s seniors and families. Together with Medicare, Medicaid and the Affordable Care Act, Social Security provides essential protection for the middle class. But there continue to be Congressional Republicans who put forward dangerous proposals to privatize or partially privatize Social Security, which would rob seniors of the economic security they count on.
“When Democrats created Social Security, we pledged to defend the right of our nation’s seniors to pursue a life of liberty and happiness. Democrats have stood by the promise of Social Security since its inception, and Democrats will continue to protect and strengthen Social Security for the generations to come.”
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Can Social Security Checks be Garnished? Posted: 12/18/2012 7:43 pm
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Submit this story Dear Savvy Senior: I have some outstanding debts and would like to find out if my Social Security checks can be garnished. What can you tell me?
--Old and In Debt
Dear Old:
Whether your Social Security benefits are garnishable or not depends on who you owe. Banks and other financial creditors, for example, can't touch your Social Security checks. But if Uncle Sam is collecting on a debt, some of your benefits are fair game. Here's what you should know.
Creditor Protections If you have credit card debts, medical bills, unpaid personal loans or pay day loans, you'll be happy to know that your Social Security benefits are safe from your creditors (those you owe).
But, be aware that your creditors can still take legal action against you to recover what you owe them, and depending on your state's law, they may be able to garnish your wages and tap into other allowable assets, if you have any. But they can't take the money you receive from Social Security. Nor can they touch Supplemental Security Income (SSI), veterans benefits, federal employee and civil service retirement benefits and benefits administered by the Railroad Retirement Board Administration.
To ensure your Social Security or other government benefits are protected from creditors, you need to have them direct deposited into your bank account, or to a Direct Express Debit MasterCard account. Benefits deposited by check into your bank account aren't protected. Also, be sure you don't transfer your benefits to another account, or else the protection is void. And don't have credit cards or other loans at the bank where your benefits are deposited. Money owed to a bank, if it also holds the deposit account, can be frozen.
Government Garnishment If, however, you owe money to Uncle Sam, it's a very different story. The federal government can garnish a portion of your benefits for repayment of several types of debts, including federal income taxes, federal student loans, child support and alimony, nontax debt owed to other federal agencies, defaulted federal home loans and certain civil penalties. (If you receive SSI, those benefits cannot be garnished under any circumstance.)
How much can actually be garnished depends on what you owe for. If you owe back taxes to the IRS, 15 percent of your Social Security benefits can be taken each month until the debt is paid in full. The government uses the Federal Payment Levy Program to garnish your payments.
If you owe money on a student loan -- it doesn't matter how long ago you were in school -- the first $750 of your monthly benefits is off-limits to garnishment. After that, the government can shave off up to 15 percent.
And if you owe past or current child or spousal support you could lose as much as 50 to 65 percent of your benefits. Delinquent child support and alimony cases are processed through the national Court Ordered Garnishment System. In these situations, the maximum reduction to your benefits depends on the state where you live. The garnishment is limited to either the maximum allowed under state law or the maximum under the Consumer Credit Protection Act, or CCPA, whichever is less.
You also need to know that before your Social Security benefits are garnished, you'll receive several letters of notice from the IRS, and be given ample opportunity to make a pay arrangement. If you don't, the agency will start docking your monthly checks.
Get Help If you believe your accounts are being frozen or garnished improperly, you'll need to seek legal help. The American Bar Association provides links to free and low-cost legal help in your area at findlegalhelp.org. Or, call the Eldercare Locator at 800-677-1116 for referrals.
Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior.org. Jim Miller is a contributor to the NBC Today show and author of "The Savvy Senior" book.
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Ask young people what they think of it, most people my age I talk to about it don't even think it will be around once they hit their older years. Many of them understand the Ponzi scheme at play.
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
Ask young people what they think of it, most people my age I talk to about it don't even think it will be around once they hit their older years. Many of them understand the Ponzi scheme at play.
The GOP hopes that the rest of America follows your view. Republicans are hoping for a working class who's never able to retire and will work for peanuts till they die.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The GOP hopes that the rest of America follows your view. Republicans are hoping for a working class who's never able to retire and will work for peanuts till they die.
Or, Americans will someday want to keep the 12.4% withheld from them and save it or invest it themselves. Based on a $40,000 annual salary, that's $4960 withheld per year. Over a 40 year period, that $198k. Democrats are hoping the working class doesn't catch on to taking money from you today, to assure you a poverty living wage later.
If young Americans making $40k had an extra $5k per year, they could pay off a $125k house in twelve years(based on an average 30 yr mortgage is $500 a month). Imagine buying a home at 25 and paying it off by 37?
Social Security creates poverty by withholding 12.4% of your earnings, then claims to keep people out of poverty. Only government could make such an outrageous claim.
The GOP hopes that the rest of America follows your view. Republicans are hoping for a working class who's never able to retire and will work for peanuts till they die.
How much money is in the SS fund?
Oh right...It's zero.
"Approval ratings go up and down for various reasons... An example is the high post 911 support for GWB even though he could be said to be responsible for the event." --- Box A Rox '9/11 Truther'
Melania is a bimbo... she is there to look at, not to listen to. --- Box A Rox and his 'War on Women'
Social Security... The Most Successful Program in American
Before Social Security existed, about half of America's senior citizens lived in poverty. Today, less than 10 percent live in poverty.
In these highly volatile economic times, when millions of Americans lost their life savings in the 2008 Wall Street crash, it is important to remember that since its inception, through good economic times and bad, Social Security has paid every penny owed to every eligible beneficiary.
Despite Wall Street and right-wing misinformation, Social Security, which is funded by the payroll tax, does not contribute to the deficit. In fact, the Social Security Trust Fund today, according to the Social Security Administration, has a $2.7 trillion surplus and can pay 100 percent of all benefits owed to every eligible American for the next 21 years.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Social Security... The Most Successful Program in American
Despite Wall Street and right-wing misinformation, Social Security, which is funded by the payroll tax, does not contribute to the deficit. In fact, the Social Security Trust Fund today, according to the Social Security Administration, has a $2.7 trillion surplus and can pay 100 percent of all benefits owed to every eligible American for the next 21 years. [/size]
There isn't a nickel in the SSA Trust Fund. There are "special issue" securities(IOU's) in the SSA Trust Fund, that are redeemed through the Treasury and paid out of the General Fund. Unless you are saying there is $2.7 trillion in the general fund, over and above the $3.9 trillion 2015 budget. And the federal budget in 2015 is operating at a $600 billion deficit.
Social Security... The Most Successful Program in American
Before Social Security existed, about half of America's senior citizens lived in poverty. Today, less than 10 percent live in poverty.
In these highly volatile economic times, when millions of Americans lost their life savings in the 2008 Wall Street crash, it is important to remember that since its inception, through good economic times and bad, Social Security has paid every penny owed to every eligible beneficiary.
Despite Wall Street and right-wing misinformation, Social Security, which is funded by the payroll tax, does not contribute to the deficit. In fact, the Social Security Trust Fund today, according to the Social Security Administration, has a $2.7 trillion surplus and can pay 100 percent of all benefits owed to every eligible American for the next 21 years.
they were in poverty because they left the farms.....there is food and water on your own land....I'd like to know what their definition of poverty is...because I see a LOT of elderly on SS with brand new cars, eating out, going to bingo etc etc....they may not look like hollywood but they are FAR from poverty....
the real folks in poverty still ONLY get what they put in based on some jack a$$es math that says we held on to this just in case you needed it later so you would thank us and vote for us....
Security against WHAT? IT DOESN'T WORK.....have you seen government housing where SS recipients live who are TRULY POOR? again, security against WHAT?
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
when we took my mother to ss when she was ready to collect. This is exactly what the lady at ss told us.........Social Security was created mainly for the FAMERS.(but it obviously encompassed every worker) And because back then, the wives didn't work out of the house, she was entitled to his SS benefits when/if he died.
She went on to tell us that today, almost all women work and earn their own SS. She said that there is a slow but definite revamping of the SS system. She told us that it is an obsolete system. She said that unlike in the days when ss was created, today almost everyone works...wo/men and most have 401Ks, iras etc of their own.
She said that ss will be a thing of the past but it will take a few generations to do that.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
when we took my mother to ss when she was ready to collect. This is exactly what the lady at ss told us.........Social Security was created mainly for the FAMERS.(but it obviously encompassed every worker) And because back then, the wives didn't work out of the house, she was entitled to his SS benefits when/if he died.
She went on to tell us that today, almost all women work and earn their own SS. She said that there is a slow but definite revamping of the SS system. She told us that it is an obsolete system. She said that unlike in the days when ss was created, today almost everyone works...wo/men and most have 401Ks, iras etc of their own.
She said that ss will be a thing of the past but it will take a few generations to do that.
Bumbler would take the word of a SS agent against the actual LAW, as long as it fit his agenda.
Suppose the SS agent was a flaming TeaBagger, and told you that the SS system would be bankrupt and out of money in a matter of 3 years??? Would you believe the TeaBagger?
Suppose the SS agent was a flaming Liberal and told you that the system is good for all Americans and no changes to the system were ever needed? Would you believe the flaming Liberal???
Bumbler seems to find his FACTS in the OPINIONS of others.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Kinda like you saying there is a surplus in the SSA trust fund. When there isn't a penny in it.
Is that what I posted Cicero??? Did I post something I heard at the donut shop??? Or at the Gun Club??? Or at the Church supper???
My post was: According to the Social Security Administration, has a $2.7 trillion surplus and can pay 100 percent of all benefits owed to every eligible American for the next 21 years.
A little different than... "the janitor at the local SS building said............."
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
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