Social Security payments now

I’ve never been able to adjust to the floating Wednesday.

I would much prefer a set date like the 10th, 15th, etc…

I shouldn’t complain, it has always arrived on time and I’m thankful for that.
 

Pappy said:
Two separate checks for wife and me. 2nd Wednesday of month for wife and 4th Wednesday for me.
Click to expand...
Is yours actually there today? I looked harder and mine actually started coming on a Monday since January.
 
Last edited:
mathjak107 said:
if by general funds you mean the social security trust fund , be careful of the words you use since general funds refers not to the social security trust fund but the funds general tax revenue goes in
Click to expand...
In early 1968 President Lyndon Johnson made a change in the budget presentation by including Social Security and all other trust funds in a"unified budget." This is likewise sometimes described by saying that Social Security was placed "on-budget."
 
spectratg said:
In early 1968 President Lyndon Johnson made a change in the budget presentation by including Social Security and all other trust funds in a"unified budget." This is likewise sometimes described by saying that Social Security was placed "on-budget."
Click to expand...
the funds were never mixed at all . johnson wanted to get war fundung so he added the surplus on paper to make things look better . but they were never mixed at all and by law couldn’t be
 
mathjak107 said:
the funds were never mixed at all . johnson wanted to get war fundung so he added the surplus on paper to make things look better . but they were never mixed at all and by law couldn’t be
Click to expand...
Congress requires the US Treasury to invest Social Security income in securities guaranteed as to both principal and interest by the federal government. The Treasury issues special issue securities specifically for Social Security as it does for US Treasury bonds.

When the US Treasury creates the bonds, it sends payroll taxes collected from American workers into the General Fund. The federal government uses the funds in the general fund to pay for government expenditures- this is how presidents have borrowed from Social Security over the years.

When the Treasury needs to pay for benefits, it uses the General Fund to redeem the special-issue bonds, plus the corresponding interest. The principal amount of the special issues redeemed and the interest income are enough to pay the required cost.
 
spectratg said:
Congress requires the US Treasury to invest Social Security income in securities guaranteed as to both principal and interest by the federal government. The Treasury issues special issue securities specifically for Social Security as it does for US Treasury bonds.

When the US Treasury creates the bonds, it sends payroll taxes collected from American workers into the General Fund. The federal government uses the funds in the general fund to pay for government expenditures- this is how presidents have borrowed from Social Security over the years.

When the Treasury needs to pay for benefits, it uses the General Fund to redeem the special-issue bonds, plus the corresponding interest. The principal amount of the special issues redeemed and the interest income are enough to pay the required cost.
Click to expand...
that is not true about the funds

buying bonds with ss money is no different then when we buy bonds .

we loan money out and get back interest and principal.

its an investment in bonds for the ss money since the government is prohibited by law from buying equities because they cannot own public or private businesses.

so i will say it again , no ss money was ever taken and put in general funds .

it was invested in govt bonds and what the govt chooses to do with it is no different than any other bond an investor buys.

23% of what ss paid out in benefits was from interest
 
Last edited:
So it's a digital hocus pocus! Easy to spot the $37 Trillion under that door over there. →→ → ↓
Why didn't anyone ever look? → → ↓ They wear Green Blocker Glasses, thas why. Basically
Value any Security at any value one wants to, he never sells, just digitally ups the value of it all.
Shelves esteem is why the USA is so valuable. It's all so easy to understand and happen too!
You don't print $1000 bills by the billions, you print a couple $Trillion dollar bills a week, so Easy too.
Save Billions at the Printer presses, close down Denver Bank too. Save more.

One really big computer in the basement can handle it all. Close all Reserve system banks. Trillion saved there too.
 
Last edited:
The real issue isn’t unpaid debt but the growing gap between incoming payroll taxes and benefit payouts. For example, in 1960 there were about 5.1 workers paying into Social Security vs. beneficiaries collecting Social Security. By 2035, that ratio will be 2.3 workers to beneficiary. If changes aren’t made, the trust fund reserves are projected to be depleted by 2034, after which Social Security would only be able to pay about 80% of scheduled benefits using current tax revenues.
 
I saw the other day that a City is offering $90,000 signing bonus for LEO.
Most all companies are giving great signing bonuses to new employees.
Average industrial wages are above $35 and hour. 1974 wages were about
$6.50 an hour. A AC guy charges near $200 an hour. Plumbers $250.

There should not be a cut off point on SS taxes. Say a billionaire makes $7 billion in one year
Why would an average worker want to put up with it. Of course its to reward the Pro person.

The math is all wrong / reason its easy to be multimillionaires. 1985 a furnace
installed was near $3000. Now its Above $12,000. + 400%.

Look at the price raise of an auto.
2011 f150 $35,000
2016 F150 $43,000
2025 F150 $56,000 and stocks dropping.
2025 Bronco, nice off road, $63,000
 
Last edited:
After the biggest data breach in the USA I opened another checking account for my pension and to pay my bills. I leave very little money in the checking account where my SS and tax returns are due. All of our information has been downloaded and stolen.
 
I read an article in Forbes online publication and saw a video, both stating that SS may have severe problems if there are glitches that need fixing and most of their critical technical staff are leaving or have left. That could delay payments for thousands. Also other staff is being cut so that SS offices will be severely understaffed. This is going to cause major inconveniences for many who due to the new SS rule (as of March 31st), need to go in person to verify their identities, not to mention possible severed lifelines if benefits are delayed.
 

You must log in or register to reply here.

Back
Top