Social Security Govform #7050 2010: Fill & Download for Free

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PDF Editor FAQ

Will Gov. Chris Christie’s plan to change Social Security into welfare succeed?

On the plus side, he is at least acknowledging that there is a problem.The problem with his solution is that we are transforming the system into a welfare program. Social Security will never be an effective welfare program. Social Security has no visibility into need. Not all Americans are eligible. If this is your idea of fixed, hell end the program and transfer the assets to a real welfare program which can measure need and is open to all Americans.

What will happen to social security if the U.S. gov debt reach 120% of the national GDP?

Social security is based on the commitment of the govt, politics, popular will, past commitments.Social Security DOES NOT NEED TAX REVENUE to fund it, except the law requires that. FDR and Luther Gulick discussed that years ago. The tax was a kind of "ruse" to make people feel invested and defend the program, and to protect it from haters, wingnuts, men who called it a "communist" program.They didn't actually need taxes to fund it. But the law was passed to require tax collection. Gulick was concerned the tax would be detrimental to the economy in a downturn. It is.For the govt to add its own liabilities, or account credits, to a spreadsheet at the Fed, a "trust fund", Congress and Treasury just need to add numbers to the fund, like basic arithmetic. That's all a US Securities contract consists of - math.For the US to issue payments, ask that is done is they issue orders to add numbers to private sector bank accounts. You can't add numbers to your bank balance, the amount your bank owes you, but Uncle Sam can, by adding numbers to that banks' balance. Sam is the currency issuer.(When Congress imposed a rule on itself to swap dollars for gold at fixed prices, it didn't have unlimited spending powers.)That's why Mosler has proposed to suspend social security and Medicare taxes, while increasing payments to benefit old people and sick people. We have no real shortage of resources to do so.Now, Congress may decide to not honor it's obligations and not expand the economy at normal rates, even shrink the money supply, but that's a choice, not a necessity.

How can I get tenants to pay rent? They have steady income but refuse to pay rent now that the gov says they can't be evicted. I must still pay property taxes, insurance and utilities on their house and I'm on social security.

If your tenants are trying to take advantage of the “system”, then you have to use that system too. Serve the required notices for non-payment then file for eviction when the rules allow you to. Even if the tribunal won’t conduct hearings, issue eviction orders or enforce them for now, your request will be in the queue and your tenants will realize that they risk losing their residence and a good reference from their landlord.You should be contacting your local government, insurance company and utilities about deferring payments. Most of them have put policies in place to allow it.

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