Lori Mills of Uncover California Interviews Nona Fisher About Social Security

Lori Mills of Uncover California Interviews Nona Fisher about Social Security, its problems, financial theft, and Congress.
Links:
Lori Mills Uncover California:
https://uncovercali.com/
----------------------
U.S. National Debt Clock Real Time.
At bottom right, Social Security Liability Link:
ttps://www.usdebtclock.org

Congress passed the Social Security Act to provide benefits to retirees based on their earnings history. On August 14, 1935, Roosevelt signed it into law.
In 1935 Congress created FICA tax to finance Social Security
https://www.history.com/topics/great-depression/social-security-act

Social Security Act (1935) | National Archives, View Transcript:
On August 14, 1935, the Social Security Act established a system of old-age benefits
https://www.archives.gov/milestone-documents/social-security-act

Social Security Board of Trustees
EXPENSES OF THE BOARD,
SEC. 703. The Board is authorized to appoint and fix the compensation of such officers and employees, and to make such expenditures...Appointments of attorneys and experts may be made without regard to the civil-service laws.
REPORTS
SEC. 704. The Board shall make a full report to Congress, at the beginning of each regular session, of the administration of the functions with which it is charged.
https://www.archives.gov/milestone-documents/social-security-act

**************************************
FICA stands for Federal Insurance Contribution Act, a 1935 law enacted in conjunction with Social Security to establish the program’s funding mechanism. The federal government has been collecting FICA payroll taxes since 1937. President Franklin Roosevelt, who signed Social Security into law, insisted that the program be self-funded and not dependent on general federal revenue. That way, Social Security truly would belong to the workers who pay into it.

**************************************
President Roosevelt famously said of the FICA taxes:
“We put those payroll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions… With those taxes in there, no damn politician can ever scrap my Social Security program.”
https://www.ncpssm.org/campaigns/hands-off-no-cuts/history-of-the-fica/

**************************************
FICA, Federal Insurance Contributions Act (FICA): What It Is, Who Pays
Congressional Research Service. FICA Office of Management and Budget (OMB)
FICA sets up gov budget – Congress oversees paying funds
...Though the executive office has control over the budgeting function, whoever the president appoints must be approved by Congress. Not only that, but Congress has control over the actual amount that is put toward the budget.
https://www.investopedia.com/office-of-management-and-budget-5324437

***************************************
What Congress Controls
https://www.ssa.gov/news/press/factsheets/WhatAreTheTrust.htm

***************************************
“Consistent with the purpose of the federal government established by the U.S. Constitution, money is spent on programs and services to ensure the well-being of U.S. residents.
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/#dive-deeper-into-the-debt

***************************************
President George W. Bush Bank Bailout:
“...Bush technically did "borrow" Social Security surplus to pay for the income tax cuts and the Iraq war. But even if we use this loose definition of the word, we still run into a few issues....”
https://www.politifact.com/factchecks/2015/aug/03/facebook-posts/did-george-w-bush-borrow-social-security-fund-war-/

***************************************
Pres Bush Bank Bailout:
https://www.thebalancemoney.com › what-was-the-bank-bailout-bill-3305675

*************************************
The Epoch Times
The Missing Social Security Funds Are Being Ignored
https://www.theepochtimes.com/

*************************************
Congress Takes Our Money
https://moneyinc.com/heres-how-much-money-has-congress-taken-from-social-security/

*************************************
Congress grants to universities
60Plus, American Association of Senior Citizens
A Social Security Watchdog, website:
https://www.60plus.org/about-60-plus-association/

*************************************
Biden Social Security money to Ukraine: Video Link:
https://rumble.com/v2xymyi-we-found-4.5b-worth-of-payments-from-the-us-social-security-to-pay-off-ukra.html

*************************************
Biden Signs H.R. 7691, the Additional Ukraine for our Social Security:
https://www.ssa.gov/legislation/legis_bulletin_052122.html

*************************************
Latest Action: 05/21/2022 Became Public Law No: 117-128. (All Actions) H.R.7691 - Additional Ukraine Supplemental Appropriations Act, 2022 Ukraine pension from SS
https://www.congress.gov/bill/117th-congress/house-bill/7691

*************************************
Form so Ukrainians receive SSI:
https://www.ssa.gov/forms/ssa-1199-op134.pdf

*************************************
Republicans Accused of Cutting Social Security $1.5 trillion
“In fact, the program is not legally allowed to incur debt. The assertion that Social Security payments add to the federal debt is a falsehood...” Social Security Works
https://www.msn.com/en-us/news/politics/republicans-accused-of-plan-to-cut-15-trillion-from-social-security/ar-AA1qvyIO

*************************************
Good explanation:
Is Joe Biden right that Republicans “would cut Social Security benefits”?
https://www.politifact.com/factchecks/2023/nov/29/joe-biden/is-joe-biden-right-that-republicans-would-cut-soci/
webmaster@ncpssm.org
*************************************
Corrupting Kids Minds in School
Sex Education & Graphic Images for K-5 In Public Schools
https://deeprootsathome.com/sex-education-graphic-images-schools/

*************************************
Porn Books in School Library, a Mother Reads From Book. Video Link:
https://www.californiafamily.org/2023/11/ca-school-district-to-remove-pornographic-books-in-its-libraries-using-new-policy/

*************************************
Why Inflation Is Still a Problem for Today’s Retirees. 7/9/24. The cumulative effects of inflation make retirement a lot more expensive than it used to be. “... On a cumulative basis, the Consumer Price Index has risen by about 22.5% over the past three years...a retiree might have been able to cover annual spending needs with an initial withdrawal amount of $40,000. But the same spending needs would now cost more like $49,000.”
https://www.morningstar.com/retirement/why-inflation-is-still-problem-todays-retirees

*************************************
Inflation is Slamming Seniors, [It’s Much Worse Now Than Oct. 2023]
"It's a scary time," one disabled widow said. But this year's cost-of-living adjustment is lagging the highest inflation in 40 years, eating into seniors' buying power.
https://www.cbsnews.com/news/social-security-2023-cola-increase-inflation/

*************************************
Social Security Trustees report for 2023:
https://www.ssa.gov/OACT/TRSUM/index.html

*************************************
Millenials blame me, but:
The 2022 Trustees Report Shows that Protecting and Expanding Social Security is Fully Affordable (Washington, DC) — The 2022 Annual Report of the Board of Trustees of...
https://socialsecurityworks.org/2023/03/31/2023-trustees-report/

************************************
What Would Privatized Social Security Mean for Americans?
https://www.investopedia.com/ask/answers/040715/what-would-privatized-social-security-mean-americans.asp

************************************
Link of Reps that approved $1.7 cut
https://secure.actblue.com/donate/ssw_rsc?link_id=0&can_id=72623c804b5a1155d09927d6616faeb9&source=email-icymi-shame-2&email_referrer=email_2261301&email_subject=icymi-shame&refcodeEmailReferrer=email_2261301