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Where did the money to fund the Social Security Act programs originate?
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Where do state governments spend the most money?
The lion's share of it is heavily between Defense and Social Security. Waste in the Social Security system exists, but is relatively nominal, all things considered. The amount of waste in the Defense budget, however . . .
In which house does all revenue legislation originate?
All revenue, tax, and "money bills" originate in the House of Representatives
Which of the following ideas favored public works projects because they put money into the hands of the consumers who would buy more goods and stimulate the economy?
Social security
Where do bills dealing with money originate?
All laws that deal with money must originate from Congress. This is the group responsible for raising money for the federal government mainly through taxes.
Is it True or false All money bills originate in the senate?
False. It is in the House.
What is the amount of money a person receives in social security based on?
is there a limit as to how much money a person on social security can accumulate
What two things does the government spend most of its money on?
The gov spends the most money on health and human services which account for programs like welfare and temporary aid for needy families and the like. That cost about $900 billion a year, then its social security and then its defense. So we spend more on social programs then we do on defense.
Can a social security card be used to withdraw money?
No, you cannot use a social security card to withdraw money. A social security card may be useful if you want to open a bank account, though, and you can withdraw money from that.
Can a payday loan company get money from you if you are on Social Security?
Not likely. Most insurers, if they know that they are on social security benefits, would not loan the money to them.
Can social security claim money from deceased father after one year?
Yes, social security money can be claimed from a deceased father after one year.
What did nixons new federalism establish?
It gave federal money to states to fund social programs
Is Social Security in trouble?
Social Security has been in trouble for years and years, I will never see my money, this I know.
Which of these is not one of the four basics of retirement?
Social security will provide plenty of money for most retirements.
How much money can you make on regular Social Security?
You can make as much money as you want if you are on Social Security. If you are younger than a specified age, your Social Security payment will be reduced by a fraction of the money you make that is greater than a set amount (one dollar for every three dollars you make over that amount). But the result is always that you have more money than you would if you were on Social Security alone.
How much money has been taken from social security and put into the general fund?
The Social Security Trust Fund was established in 1939 to receive monies collected for Social Security through payroll taxes. The monies in this fund are managed by the Department of the Treasury; they are not, nor have they ever been, put into the "general operating fund."However, the Social Security Act specifies that the monies in the fund may "be invested in securities backed by the full faith and credit of the Federal government," such as treasury bills, treasury notes, and treasury bonds, as well as special issue bonds. So, essentially, the government can "invest" Social Security funds by lending them to itself, then spending that money on programs not related to Social Security (e.g., defense, foreign aid, education). This has always been the case.During the Johnson administration, Social Security and other Federal programs that operate through trust funds were counted officially in the budget. This did not mean that it was actually part of the general fund, rather that it was finally recorded as part of the budget.
Can you get extra money on social security if you are a alcoholic?
yes
What is the purpose of social security taxes?
Thats where the money comes from to pay you social security.
