steal social security numbers, use welfare to bankrupt the state even more?
How excited California must be, but look at the bright side, while your government may go bankrupt and taxes sky rocket atleast you save a buck or two on gardening. Sure it will cost you more then you save but look at all the awesome shootings you get to see.
Have fun California.
My sister has been on SSI ( social security income ) due to a disability for a few years. She got 3judgmentsered judgments against her from creditors ( about $ 10,000), she has no way to pay now. I advised her to file chapter 7 bankruptcy to wipe out this debt, Is it legal to file for chapter 7 bankruptcy in this case ?
Thanks for help
This is the first time the nation’s credit rating has fallen below the highest level, AAA. The U.S. had held that rating since 1917.
Americans must be asking themselves: Is this the "change" Obama campaigned for?
But the President blames anything and everything on anyone and everyone.
The sad fact is should President Obama be reelected there is little doubt for him to add to the National Debt, in just 8 years, more debt than All Previous Presidents since George Washington…..COMBINED. Does anyone wonder why America lost its AAA rating!
OH!..it was the terrorist Tea Party..No NO..it was Bush..NO NO..it was..ah..Bush senior..it was someone’s fault but surely not the→ p r e s i d e n t.’s
FACT:
The first time the US lost its stellar credit rating came under….Obama.
And while the Democrats are sure to still blame Bush….even after nearly 3 years after Obama took office….it is the OBAMA Administration that has carried out virtually everything "Bush did" to an even higher level.The National Debt and Annual Deficits under Obama are way beyond anything under Bush. Obama and Bush are almost the same. The only thing different is that Obama dwarf’s Bush in the spending area.
And many make note of some of the "special powers" Obama has maintained that the Liberals complained about when Bush was president.
Any "hope and change"….was a false promise that was based on fantasies and faery tales…
Really…!
It’s almost as if he WANTs the US to go bankrupt. We spend 43 cents on every dollar just to finance the Debt.
That’s 43 cents on every dollar that does NOT go to health care, education, Social Security, or anything else.
The US economy is bound to collapse. It’s not a matter of "if" but "when" and "how soon," if Obama’s spending goes on. Do you doubt it? Creditors state that America’s now AA+ status could be even lowered more should serious spending not cease. It is not a empty warning; it is for real!
The reason for the downgrade does not require a political genius.
S & P downgraded U.S. credit rating because the debt is so high. Thanks to the liberals , the U.S.debt has grown by nearly trillion in JUST 3 years. Imagine an Obama reelection?!?
If we had a budget that reduced government spending by trillion over the next 10 years, instead of only trillion, it would have changed S & P’s rating. There is NO doubt about it.
And Obama is attempting to this time not blame Bush but the Tea Party!! IMAGINE that…!!
How audacious!
Tea Party patriots were correct all along. ….CUT THE SPENDING!!
Jotacar→TRUST me I know quite much. I have written for political candidates.
I need be on top of things.
My job demands that I do!
But I’m on disability social security. Can I still file for bankruptcy, I don’t have anything to liquidate?
Taxes will only accomplish so much. Tax the rich 100%, and I guarantee the politicians will just fritter it away on cowboy poetry, bombing the third world, or some such nonsense. The money that GM allegedly paid back, did it go into the debt, or the pork barrel?
It seems quite elementary to me, cut spending. Between Bush and Obama the federal government has expanded geometrically. I would post a link, but then the question will never enter the queue.
Maybe it is time we ended some pointless overseas incursions. We are not there to win anyway.
And maybe Grandma can move into the spare bedroom. Because Social Security is bankrupt.
And how about we quit electing politicians by the amount of pork barrel spending they bring home?
Don’t give me that "Bush did it" hogwash.His first day in the Oval Orifice, the nation was already trillion in debt. That 6 billion budget "surplus" was an illusion.
I can’t open bank account because I filed bankruptcy. The banks will not accept because of that. I have been looking for alternatives and while googling I found a thing known as "online account". They say that to open online checking account, i make opening deposit with credit card. Whatever I pay with credit card is my online bank balance. And that then they will mail me checkbook to my house. For depositing check, they said I should scan and email them the check I want to deposit. And that they will use those scans to process the deposit. They say they will also send visa check card through mail, and it can be used at any ATM. Is this scam or real? The online check account site says initial deposit must be 500 dollars using credit card or western union. Is this real or scam?
Also that I should scan and email copy of my social security and driver license for opening of account
Will those who will get no benefits from the system be eligible to get the money they put into the system back? If not it’s theft,pure and simple. I think it’s something we need to start thinking about now. Rather than worrying about trying to save the failed system,how about allowing people to finally opt out of this failed idea,and invest the money they’ve already paid in. Just take whatever Social Security has withheld,and deposit it directly into the persons 401k or other retirement plan.
Will those who will get no benefits from the system be eligible to get the money they put into the system back? If not it’s theft,pure and simple. I think it’s something we need to start thinking about now. Rather than worrying about trying to save the failed system,how about allowing people to finally opt out of this failed idea,and invest the money they’ve already paid in. Just take whatever Social Security has withheld,and deposit it directly into the persons 401k or other retirement plan.
Can you please look it over and tell me if there is anything I need to correct or change? I am writing a persuasive essay on Social Security and why people should invest there money in other places. In this assignment we are
Write three paragraphs, which combined will be at least 500 words, explaining why you will or will not use definitions and compare and contrast paragraphs in your final paper.
I intend to use definitions in my final paper. I think that doing so will benefit my essay and its readers, allowing my readers to fully understand the papers true meaning with definitions. It helps the readers to understand what the essay is trying to say and what the main points are trying to convey.
I have chosen to write an essay explaining why Americans should not to rely solely on social security as they retirement benefits. If my essay turns out to be successful, it will convince the readers to start investing in their own personal savings. To do this I will need to state why social security and its funds are slowly dwindling away in my essay. A definition essay will also supply much needed detail on examples that readers may not understand right away about the topic. Detail in an essay should be very important to any writer. Writers make sure that every essay they write includes plenty of detail instead of gloss. Sharp details pull the reader in and encourage them to read more; fine details also help build a stronger case for the point of view so including them in my essay will make my readers share my feelings toward social security. I hope to include resources from the Internet to back up my points further and fully explore options on finding other ways to start saving personal funds for retirement.
Dealing with compare and contrast, I was not aware that I used them as often as I do. While reviewing my paper I did not think, I had compared and contrasted however; I soon found that I had at numerous times. When I was explaining why Social Security may not be around by the time many people retire, I made sure to include steps one can take to be proactive when finding alternative funding for retirement; in this instance, IRA, 401K, stock options, and employee pension plans. However, the disadvantages far outweigh these benefits. The whole point of comparing and contrasting is looking at both the good and bad and seeing which carries more weight.
In the rough draft essay, it states why it may seem like a smart decision for people to put their future retirement funds into an investment besides social security. By maintaining the idea that your there money will recover, economic scandals in recent years have shaken the very idea of a safe investment. In my rough draft, it points out that a large number of people in recent years have diversified their investments, to avoid a substantial loss in the event of a company who invests into experiences a loss, such as bankruptcy. By indicating what they could do and highlighting the consequences, the draft draws out the short- term good and the long- term contrasting them. I think simply writing out comparisons can help the person create the bulk of his/her essay very quickly. Pre writing helped me to create my essay; by pre-writing I mean taking a piece of paper and writing down the advantages and disadvantages of depending on social security and alternate retirement plans. This will also help them to decide for yourself whether you can meet your needs rely remotely on social security when you retire or if you want to be proactive in finding funding options. In my case I am neither too young nor too old to consider looking into options for my retirement. One should much rather start investing money better to protect themselves in the future.
The reasons why are obvious.
1) Democrats are in charge-they love to lie (with a warm smile) and tax and spend
2) We will spend 1.5 trillion dollars more this year than we take in.
3) Democrats will never agree to cut spending-they would rather bankrupt the USA-see California and Illinois
4) The financial crisis has caused a huge drop in tax revenue
5) Unemployment may continue to rise for the next 3 years-more people needing insurance and fewer workers to provide the coverage
6) An aging population-more people on social security and fewer workers to pay
7) Obama/Pelosi want Universal healthcare
Cap and trade
You see my point yet. And you can now see what Obama meant by change!
http://www.cnbc.com/id/31775633
9) I forgot to mention, we will be needing a new stimulus package-900 billion was not enough!
tehabwa Your a walking testimony showing why weed shoud remain illigal!
How is a larger worker pool with the lower wages that comes with more job competition going to help the youth and fix Social Security if there is even a problem? And will we see mass migration if states are allowed to go bankrupt.
on
Eight months ago, I was diagnosed with deteriorating spinal disks. As painful and debilitating as my current condition is, I know it will only worsen with time. I applied for disability and was denied. I would like to appeal, but I think I may need some legal representation. How do I go about finding someone who will work in my best interests without completely bankrupting me? I can use all the advice I can get in this matter. Preferably from people with similar circumstances or experiences. I was told by the Social Security Administration that my condition is not severe enough to prevent me from working. But I know that I can barely stand long enough to wash one meal’s worth of dishes before having to sit back down for at least half an hour, and thereafter having to take longer and more frequent breaks. They say that, with my work experience, I could get an office-type job, which requires more sitting than standing. But I know that I can only sit in certain positions for mere moments before the pain requires me to re-position, often to a more horizontal position. Sitting in a chair is usually more painful for me than standing. So, if anyone has any useful information or tips for me, I’m all ears!!
We have been making fun of social security now for at least 20 years, yet when Bush tried to fix it, all of a sudden there was nothing wrong with it, and now we’re making fun of it going bankrupt again.
Democrats under Clinton all supported the president when it came to WMD’s in Iraq and regime change (I guess except Obama), but now that Bush has taken that bull by the horns, the entire party thinks the invasion was wrong and even criminal.
When we invaded Iraq, democrats pounded the war drum against Iran, instead–remember that? Iran was the real threat, not Iraq. Now that Bush is focusing on Iran, democrats are against the whole idea!
How can you intellectually support a party that can’t make up it’s mind and commit on important policies? Can we count on them to lead when in office, or will they continue the circus act?
Steve, beg your pardon. President Clinton wrote a White House policy that he called "Regime Change in Iraq" dated 1998. Democrats of all flavors criticized Bush Sr. for not finishing the job.
dkstring: does your memory stretch back to the 2004 election? Hmm..maybe not…
Anyway, challenging Iran was one of John Kerry’s main arguments, it was linked to his "nuclear proliferation" strategy. Of course that was back when liberals though Iran had WMD’s.
Mother has mounting medical bills that are impossible to pay. Several ‘creditors’ are threatening collections. Wondering if they ‘win’ a judgement against her, can she still file bankrupcy afterwards? She is on social security and has no property or assets, so I’m not sure what they can even get (state law prevents retirement income or assets from being touched). Thank for any advice or ideas!
I’m a 24 year old california resident.
My father started a credit profile on my social security when i was 13 on a fake name. I caught him when checking my credit report. He paid all the debt off, but what I had left was an extremely good credit score when i was 18. i applied and applied for credit cards when i became 18 to collect airline miles. i collected nearly 800,000 airline miles through that and I did some amazing travelling.
i had a good income coming in, but then my business crashed but slightly recovered, however, my girlfriend is a shopaholic, and I kept buying her stuff. i bought five new cars in my life. i’m 24. i just graduated college. i have 8,000 in debt. I have an income of about 00 per month after taxes which is really good, but most of my money is going to debts, and I have to live at home with parents and have an ok living. I look at my minimum payment warnings, and they say it will take 32 years to pay off.
I have three options. Option 1 is to not pay. Being self employed, I have the ability to dodge collectors and court actions especially since I can go to another country. I meet the requirements to get permanent residency at Spain, UK, or Canada. I can make the same amount of money anywhere. I can probably even stay here in California, and get away since I have foreign bank accounts.
My other option is to settle my debts, but I don’t know what amount card companies will settle for.
My other option is to keep paying the debts on time, but it will take 32 years to pay off.
I can also do bankruptcy, but given statue of limitations, and the ability to not pay bills, I rather just hide than to declare bankruptcy publically.
I’m also worried that my parents will find out about this. How do I explain 168,000 dollar debt? – What if they ask me to do something that requires me to run my credit. All I can do is put a freeze on my credit report so nobody can check. I also can rent an apt right now with the good credit I have and stay in it until my credit recovers. I see no reason for moving in the future. I’m young, and I’m sure I can stay in an apt until my credit recovers which can take up to seven years.Sometimes, I’m worried about my parents finding out, and I want to commit suicide.
i have no morals. atheist. i believe in helping others so i can benefit back myself in some way. i don’t do it for the goodness of my heart cuz i don’t believe in it.
The United States was set to go bankrupt anyway, with the baby boomers retiring with its huge Medicare and Social Security cost, plus the social welfare growth, etc.
Now, the United States is granting amnesty to 20 miilion or so illegal aliens who will brink about six relatives each to our nation once the amnesty is official, increasing the poor by about 120 million.
Question–how many years before we become classed as 3rd world? In other words, when will the typical American city look like the typical city in Somalia?
20, 40 75?
I say I say 35 years. What do you say?
Linda,
It does not matter who we elect. Neither the Democrats notr the Republicans care about national sovereignty or the welfare of our future–all they care about is THEIR power. Ckinbton and Carter we jsut as bad as both Bush presidents.
Crusader,
There is a saying that "so goes California, so goes the nation", meaning CA is the trend setter. You are right–California is pretty much third world now in many areas, and we will see the same thing in every American city soon.
Salvatrucho,
You think the US can"profit from this"???
You better start doing some research. These illegals drain money from our taxes at a rate that DWARFS any taxes some of them pay in, and most do not pay in.
When they bring their relatives here, just think–youhave a very low poverty rate past illegal alien (future amnesty citizen) who can’t afford to support himself/herself. How do you think they will support a bunch of relatives? OUR TAXES and social welfare will support them.
Yes, our nation WILL look like Somalia soon, just as some here have described some of California’s cities already do.
I say 35 years as antion as a whole we will be third world status, but in just 10 years, a good portion of the nation already will.
My mother recently inherited a sum of money from a family member that passed away this past year. She has told me that despite the inheritance she and my father will have to file for bankruptcy. She has no income and my father only get’s Social Security Disability checks in the amount of 00 a month which they currently use to keep up their home and vehicles. Can someone file for Chapter 7 bankruptcy in this situation?
I work for a company that’s a not-for-profit medical provider (any "profit" at the end of the year gets divided up and paid to the doctors as "bonuses" so the balance is always zero).
I’ve never had any Security Security tax withheld from my paycheck, nor paid by my employer. When I asked why, they said it was because they were non-profit.
My worry is that this might affect how much Social Security income I’m entitled to when I retire (please save the jokes about SS going bankrupt before I can collect…)
So, is what they’re doing legal? If not, what should I do? (My big concern is that, if it’s reported, SS will demand all the employees to immediately pay up tens-of-thousands of dollars in owed back taxes!)
I am mulling an offer from a debt collector for Citibank visa on my wifes account. The account was already charged off by citibank and now in the hands of the collector. The offer to settle is very good but its almost 3000 dollars off and i am afraid the reduced debt will be taxed like crazy by IRS. I really dont have to settle because my wife is on Social Security disability and cannot be garnised as per law. Does anyone know what the tax hit would be? Its about 3k off the original debt.
I owe money for things like medical bills or unpaid phone bills from years ago. How can I find out what I owe so I can start paying it off. Most debt solution places only settle credit card debt. Also one one debt my social security number was not right. Will i still be connected to that debt? I have no credit card debt and Id like to pay off these small debts to get my credit score up
I know Social Security is exempt from credit card debt.
I do not have a house to sell, I rent a small place.
My daughter was seriously burned and nearly died. She is having numerous surgeries. Now, she is having a reconstruction of her windpipe. She was taken off medicaid because her twins turned 18. She applied for Disability and was turned down. We got a lawyer and were told on April 5 that a determination had been made but it was under review and we would know on April 14. When I called (my daughter cannot speak), we were told that her husband had to send in pay stubs from June 09 to March 10 and we would hear in 15 days. Meantime, the hospital wants to know who is paying for the surgery? I am putting out 0 a week and I am ill and can only work part time ( I was paralyzed with Guilliane-Barre last year.)I am going bankrupt. Why are they stalling when this is a life or death matter? Is there any suggestions that I can do?
Why did they say that a determination had been made and that it was under review and we would have an answer by April 14. They lied. Then wanted more information that they should have gotten before.
If my daughter had money to put out for medicine and surgeries, she would not be asking for SSI. She has no money at all. Without her medicine she dies
I think that Social Security is stalling because the think she will die and they will not have to pay,
My mother is currently renting a home, and has been renting this home for a long while (Upwards of 10 years). She recently got a letter from her landlord stating that he is quite sure he will lose the house to the bank in the bankruptcy he is going through. He is not sure if she will be evicted, if they will just sell it to someone else and still let her live there while selling it, or of any other details that would benefit my mother greatly. The bank is a subsidy of Wells Fargo. I would like to know that, if her landlord loses her house, will the bank evict her after this month is past (She has paid rent for this month, and it is due again on the 1st of May), or will they continue to let her live there? If they do evict her, how long of a warning would she get before she has to vacate? She is interested in moving to an apartment complex, because her rent is 0 a month, and she is living off of social security payments right now with my two sisters, who are 15. She wants a lower rent, and the house she lives in is quite old and very out of date (1970s style throughout the house). I am afraid if the home is sold her rent will go up because of a re-assessment of the property value. What should I know about this situation that I can use to make sure my mother does not get evicted with only 24 hours of a notice?
The federal government is spending more than we can possibly earn or pay back…what would we be willing to forego in order to turn this sinking ship around? Would we be willing to forego social security? Medicare? Medicaid? Healthcare? Government jobs that pay more than civilian jobs? Pensions that bankrupt the very companies that attempt to provide them? Since we are going to lose all of these perks anyway when the nation collapses under the weight of it’s own debt…would we be willing to "voluntarily" start cutting back on what we expect from our government now, before they decide it for us…like many states are having to do now with their budget crisis’s which are forcing them to cut services to the public.
Hard times are coming, which will make the recent recession look like good times…when and how are we going to start cutting back in order to save our nation?
To Krystal…we have never been 107 trillion in debt before, so this is a doomsday situation…each and every American owes 345,000 in debt…and it climbs everyday…just the interest on our debt alone will destroy us…this is as bad as it has ever been or ever will be and it is US who has to fix it.
How are we capable of looking into the eyes of our children and grandchildren if we bankrupt the nation with high Government spending and entitlement programs such as Social Security and Medicare.
How are we able to sleep straight at night and say all is well, when our children might not be able to pay our spiraling debt?
and also, does filing bankruptcy eliminate your debt to social security if you owe them from them over paying you?
My father in law is almost 70, he and his wife do not work live on social security and disability they have the house they live in and a rental property. He supposedly co-signed on a car that my sister in law did not pay for and they are calling him and harrassing him to pay it and he cannot afford to pay it, he wants to file bankruptcy on the car can he do that and still keep both his houses?
With our national deficit reaching new heights and social security fund projected to be exhausted in the coming years, how long do you think it’s going to take before the country tells people that it can not pay its debts, what do you think will happen when the country does this?
My Aunt had a stroke. Her only income is social security. She is 74 years old. The bill collectors are relentless. I tell them her situation but they keep on calling and calling. She is not married. I was wondering if it is necessary to file a bankruptcy on her behalf, (and can I do it for her) or seeing social security cannot be seized (She has no assets) can I just request that her bill collectors discharge her accounts?
I have about ,000 in debts. Mainly from credit cards dating before 2002. I used to pay my bills on time, however, in 2002 I was diagnosed with a disabling illness and fell way behind on my bills. I no longer am able to work and have been on Social Security Disability Insurance for 6 months now. Would it be worth filing for Bankruptcy? or should I just wait till the "7 year reporting period" from creditors have passed, and not file? I really want to improve my credit rating ASAP! Also, I live in California and I’m planning on moving to Texas very soon. IF I should file for BK, Should I do it in CA or TX?