Social Security Reform: Hearings Before the Task Force on Social Security of the Committee on the Budget, House of Representatives, One Hundred Sixth Congress, First Session, Hearings Held in Washington, DC, May 4, 11, 18 & 25; June 8, 15, 22 29; July 13, 1999, 4. sējums

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214. lappuse - PROCEEDS.— the interest on, and the proceeds from the sale or redemption of, any obligations held in the Trust Fund shall be credited to and form a part of the Trust Fund.
225. lappuse - States, not exceeding $10,000 in amount, founded either upon the Constitution, or any Act of Congress, or any regulation of an executive department, or upon any express or implied contract with the United States, or for liquidated or unliquidated damages in cases not sounding in tort.
214. lappuse - It shall be the duty of the Managing Trustee to invest, such portion of the Trust Fund as is not, in his judgment, required to meet current withdrawals. Such investments may be made only in interestbearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. For such purpose such obligations may be acquired (1) on...
387. lappuse - HON. JERROLD NADLER, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF NEW YORK Thank you, Mr. Chairman.
225. lappuse - Secretary or any vacancy in such office. (h) The findings and decision of the Secretary after a hearing shall be binding upon all individuals who were parties to such hearing. No findings of fact or decision of the Secretary shall be reviewed by any person, tribunal, or governmental agency except as herein provided.
223. lappuse - To engraft upon the Social Security system a concept of "accrued property rights" would deprive it of the flexibility and boldness in adjustment to ever-changing conditions which it demands.
159. lappuse - Spratt, and Members of the Committee, I am pleased to be with you this morning to discuss the budget and economic outlook for fiscal years 2001 to 2010.
222. lappuse - But each worker's benefits, though flowing from the contributions he made to the national economy while actively employed are not dependent on the degree to which he was called upon to support the system by taxation. It is apparent that the noncontractual interest of an employee covered by the Act cannot be soundly analogized to that of the holder of an annuity, whose right to benefits is bottomed on his contractual premium payments.
224. lappuse - The court shall have power to enter, upon the pleadings and transcript of the record, a judgment affirming, modifying, or reversing the decision of the Secretary, with or without remanding the cause for a rehearing.
206. lappuse - The significance of having trust funds for Social Security is that they represent a long-term commitment of the government to the program. While the funds do not hold "resources" that the government can call on to pay Social Security benefits, the balances of federal securities posted to them represent and have served as financial claims against the government — claims on which the Treasury has never defaulted, nor used directly as a basis to finance anything but Social Security expenditures.

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