Excerpt: The Government Accountability Office provided a report on July 8 about the social security statements thegovernment has used to inform the more than 150 million workers who have paid into the social security system. Traditionally the government sent out statements once a year, presumably to help workers plan for retirement.
With little fanfare, the Social Security Administration chose to suspend mailings of the statement in March, 2011. The GAO said SSA made this decision because of budget constraints. GAO said SSA has plans to provide online statements, but so far theres no timeline and the plans have not been finalized. The online model is currently in initial development phases said GAO. Nor does SSA have a cost estimate for the new model. Read more here: http://www.theusreport.com/the-us-report/2011/7/12/ssa-suspends-social-security-statements-expects-shortage-by.html If one were cynical, he might think that the SSA doesn't want people thinking about SS's empty lockbox and that the budget had nothing to do with cessation of the report. J - The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite futurewithout any subsidy from the general funds of the Government. Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program. - SS Brochure from the 196 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:340361 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
