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Social Security Trust and Trustees

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Social Security Trust and Trustees

Postby Dogwise » Wednesday August 29th, 2007 11:09 am MDT

When watching C-SPAN I witnessed, who were called the "trustees" of the Social Security Trust. These men and women, I forget how many, were discussing how they oversee the trust and/or management of the trust.

What is the relationship between those men and women to the individual numbered accounts and/or are these the actual "trustees" and not the individual whose name appear upon the card?
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Re: Social Security Trust and Trustees

Postby Admin » Wednesday August 29th, 2007 2:03 pm MDT

:h: Dogwise:
There is no relationship between those persons you referenced. In fact the thing related to by their reference to the “Social Security Trust” is not what you might imagine it to be. Court cases have proven that there is no insurance program or retirement program involved in the Social Security System; in fact, all funds that are collected by the Federal Insurance Contributions Act (the Act that brings in funds allegedly to the so called Social Security Trust) all go directly into the general funds of the Corp. U.S. treasury. There are no separate funds for, or held in trust in, a Social Security Trust. Such a thing simply does not exist, as a matter of law (according to the courts and accounting records). However, there is a program whereby taxpayers can apply for “Social Security benefits” and if they qualify, they receive distributions directly from the Corp. U.S. treasury. There is a board where so called “trustees” manage some operations of the Social Security Administration in administering that process; but are those officers actual “trustees” related to some trust that is holding something for someone; we are not aware of any such trust or of any such relationship and the courts have only indicated that such terms like “Insurance” (as used in the title of Federal Insurance Contributions Act), “retirement” (as used in relation to the program created by the Social Security Act of 1935) and “trust” (as used to relate to any funds held in trust for distribution to those qualifying for “benefits” related to said Act) are simply “terms of art”. According to the courts and United States Treasury accounting records to them provided, there are no such finds held in trust, regardless of what Acts or officers in the Social Security Administration are titled. Respectively, when the Standard for Review is followed you discover for yourself that there is no relationship between any such alleged thing and the trusts created by the Social Security Administration as they distribute Social Security cards to be held in trust by their recipients.

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