http://finance.yahoo.com/news/column-social-security-check-u-165329775.html

Will You Get Your Social Security Check if the U.S. Defaults?

  By Mark Miller | Reuters – 21 hours ago

Associated Press/AP -  By Mark Miller
CHICAGO, Oct 8 (Reuters) - 'President' Barack Obama warned last week that Social Security benefits might not go out "on time" if Congress does not raise the debt ceiling.  (Note: OK America - do you see the arm twisting that this rogue 'gov' is employing against you to force you to go with their NWO deadly program for you and all of America?)
Should seniors and disabled American really be worried about their benefits if the U.S. government runs out of borrowing capacity later this month?
The answer is yes - but only if the Obama administration insists on making Social Security a pawn in the debt ceiling battle. And that's a move it has no business making.
Social Security is a stand-alone program with its own dedicated revenue stream: Workers and employers pay a combined 12.4 percent of employees' payroll. It was designed to be a "pay as you go" program, with taxes on today's workers funding current payouts to retired and disabled workers and their dependents. Those funds can't be used for any thing other than benefits. (Note:  these funds are supposed to be in a separate trust, not touchable for any purpose but for SS payouts to seniors, but they were purposely co-mingled by the shysters and are spent by this 'gov' as a matter of course.)
Social Security currently has a surplus of $2.7 trillion.This year it is on track to take in $38.8 billion more inrevenue than it will pay out, according to the forecast of theprogram's trustees. These funds sit in something called theSocial Security Trust Fund (SSTF). (Note: reports form investigators prove that the funds are NOT in the SSTF.  Do your research on this.)
While SSTF funds can be used only for Social Security, the fund operates in a way that could leave it vulnerable in theevent of a government default.  (Note:  This is NOT our 'gov', and the funds have been pilfered for years.  These funds are spent on various expenditures as designated by the 'gov,' one being on illegals - non-citizens - who have no investment in the accumulation of the funds and no lawful rights to them.  Their receipt of funds is stealing from Americans.)
Every dollar of Social Security payroll tax revenue received by the U.S. Treasury Department is used to fund general operations. Treasury then turns around and issues special interest-bearing Treasury notes to the SSTF matching the amount of payroll taxes it has received (and spent). (Note: Remember, it is the private pirate banking cabal operating as the UST that is handling your funds, NOT the LAWFUL united States treasury.)
To fund benefit payments every month, the Social Security Administration redeems bonds from the SSTF with the shortes tmaturity, receiving principal plus interest. The 'government' finances Social Security redemptions by issuing new general-issue Treasury bonds. This is the nub of a key right-wing critique of Social Security - namely, that it's a Ponzi scheme, and that it has no real assets. Nothing could be further from the truth.
The reality: The SSTF actually is one of the largestcreditors of the U.S. Treasury - right up there with China andJapan, which together hold $2.4 trillion in Treasury debt. The system was designed this way to ensure that Social Security would be invested only in the world's - ahem - safest instrument: paper issued by the U.S. Treasury. (Note: Remember, it is not THE uST  - it is the UST - the ponzi scheme private banking cartel Federal Reserve Bank system that has shysted everyone on the planet - and has been shysting America's seniors for years. Instead of $600 to $1,200 month, seniors should be receiving at least $4,000 month.  WHY?  Because the bankster crooks put those funds on platforms and make trillions while paying you a token for the unlawful use of YOUR money.  STOP all the payouts to the illegals. They do NOT have the right to the use of your money, given to them by these shysters without your permission and thus STEALING from what YOU SHOULD BE RECEIVING MONTHLY.)
The special-issue Treasury notes are backed by the full faith and credit of the U.S. government, and the system works fine when the Treasury has the power to issue debt to fund Social Security's bond redemptions. Even if the government hits the debt ceiling, there's a viable option for keeping Social Security benefits flowing without affecting the federal debt situation in any meaningful way. (Note: this is NOT our 'gov' - remember that - there is no 'full faith and credit' here - it is all a scam upon the American peoplel! WAKE UP!)
The Social Security trustees could exercise their right to cash in as many Social Security bonds as they need to make benefit payments for the foreseeable future. Every dollar of principal (but not interest) that the 'federal government' pays back to Social Security would reduce the government's total indebtedness, making room to borrow more from the general public to fund Social Security redemptions. The total amount of federal debt would be unchanged, and wouldn't reduce funds available for other government operations.
Social Security's managing trustee is Treasury Secretary Jacob Lew (Lew is a servant of the crooked balnking shysters - he does NOT look out for OUR benefit but THEIRS), so he actually has conflicting obligations here - toserve the president and protect the rights of Social Securitybeneficiaries. (So do the three other top government officialswho serve as trustees - the secretaries of Health and HumanServices, the Labor Department and the commissioner of theSocial Security Administration.)
Scaring seniors and disabled people might make for good politics, considering the huge stakes of the debt ceiling battle. That doesn't make it right.  (This tactic is akin to putting a gun to your head and telling you to 'like it or die.')
Last year, 56.7 million retired and disabled workers,spouses or children received Social Security retirement ordisability benefits. Many depend on the benefits to buy food andpay for rent and utilities.
One-third of today's seniors rely on Social Security for 90 percent or more of their income, according to the National Academy of Social Insurance. Two-thirds count on it for more than half their income.
Nancy Altman, co-director of the Strengthen Social Security advocacy coalition and an expert on Social Security law and history, argues that Lew and Obama have a duty to keep Social Security out of the fight.
"Social Security is different from paying a military contractor or food inspectors," Altman says. "Those things are paid from the general fund, where there's a deficit. Social Security is a real pension program backed by very substantial assets, and the president has an obligation to act as a fiduciary and protect that."  (Note: Remember bo's admin is NOT to protect ANYthing about America, but to destroy it.)
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(Note:...) and quotes around 'gov/government' are my additions to this article to point out serious issues for ALL Americans.  j