Posts Tagged ‘social security’

  • India's UID Program Uses Fingerprints and Iris Scans

    Identity Checks

    Jan 19, 12 • 528 Views • No Comments

    Opening a savings account? You need to confirm your identity. Enrolling for Social Security or Medicare? They check your credentials. But what if you cannot prove who you are? Signing up for India’s Unique Identity (UID) program has enabled many......  [read more]

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    A Surprising Deficit Worry

    Oct 22, 11 • 497 Views • No Comments

    Who do you think is the biggest holder of U.S. government debt? The U.S. government. Whenever Social Security collects more payroll tax money than it needs, it buys U.S. securities. Retaining cash would mean no return, buying stock could be risky and,......  [read more]

  • An Upward Dow Helps an Incumbent President

    Interesting Debt Facts

    Jul 26, 11 • 441 Views • No Comments

    1. China and the Social Security Trust Funds have more in common than you would expect. The public has purchased $9 trillion of U.S. debt. China holds $1.1 trillion of the publicly held total. The U.S. government bought $4.6 trillion of its own debt. The......  [read more]

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    A Social Security Collision

    Jun 20, 11 • 610 Views • No Comments

    Ask a 56-year old and a 26-year old about Social Security and you will probably get very different answers.  In the NY Times, an unemployed 56 year old woman said: “My investments took a bath, then being out of work for a few years–I’m......  [read more]

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    Happy 100th Birthday IBM!

    Jun 16, 11 • 788 Views • No Comments

    Imagine the challenge of implementing the first Social Security system in 1937. 27 million employees and their employers had to be taxed. The basic idea was to collect the money and then redistribute it to current retirees. So everyone got an ID number.......  [read more]