WE THE PEOPLE, must demand that at the time of death of a SS recipient, there has to be a way of connecting death certificates to SS so that funds to that person are ended. Also, persons who are cashing SS checks or who have not notified the banks where automatic deposits are made, should be charged with theft! This is just one more way Social Security funds are being stolen!
During President Lyndon Johnson's tenure, he removed BILLIONS of dollars from the SS Fund and put that STOLEN money into a "general" fund! Since that time Congress has been stealing money from SS Fund for their "pet projects" and therefore, the SS account is ALWAYS near to bankruptcy!
We the People must insist that members of Congress MAY NOT HAVE ACCESS SS funds for their "pet projects," these funds, which are paid for by individuals depositing a (%) per cent of there paychecks into an account known as FICA (Federal Insurance Contribution Act). Social Security IS NOT A BENEFIT! Welfare is a benefit! SS is not! It is personally funded by working tax payers out of each of their paychecks. See below:
The Federal Insurance Contributions Act (FICA) of 1935 established a payroll tax on U.S. wage earners' paychecks and called for matching contributions from employers.1 The revenues from this tax finance the nation's Social Securityprogram and Medicare program.2
From the beginning, the idea behind the act was that working people would contribute a certain amount of each of their paychecks throughout their working years to fund Social Security (and later Medicare) so that, later in life, they'd be able to count on earned financial and health funds.
The Self-Employment Contributions Act (SECA) of 1954 requires the self-employed to pay taxes on their net earnings to help fund Social Security, and later Medicare once it was started.
Individuals' FICA contributions pay current benefits and BUILD FUTURE ONES THAT WILL BE OWED TO THEM.
FICA contributions are withheld from a wage earner's gross pay; the amount withheld depends on gross wages.
Employers match the FICA taxes paid by their employees.
Wage earners cannot opt out of paying FICA taxes.
Since the 1930s, FICA has funded Social Security programs that provide benefits to retirees, children and surviving spouses, and the disabled.
Understanding FICA
In 1935, the United States Congress passed the Federal Insurance Contributions Act, known as FICA. Its purpose was to collect contributions to fund the new Social Security program established by the administration of President Franklin D. Roosevelt in the same year.
Roosevelt believed that the money collected from all working Americans through FICA WOULD BELONG DIRECTLY TO THEM. He didn't want the financial funds for their retirement, disability, or death to depend on federal revenue. HE FEARED THAT POLITICIANS WOULD "TAKE AND USE THE MONEY FOR THEIR OWN PURPOSES."
THIS IS EXACTLY WHAT MEMBERS OF CONGRESS ARE DOING NOW AND HAVE BEEN DOING SINCE LYNDON JOHNSON'S TENURE!