Stop Borrowing Social Security Monies and Payback Debt sign now

To:
U.S. Congress
United States Senate
Washington, D.C. 20510

U.S. House of Representatives
Washington, DC 20515


Preamble
The Social Security Act of 1935, under TITLE II-FEDERAL OLD-AGE BENEFITS OLD-AGE RESERVE ACCOUNT, allows the Secretary of the Treasury to invest such portion of the amounts credited to the Account as is not, in his judgment, required to meet current withdrawals. However, this Act of Congress does not allow the raiding of Social Security to cover-up deficits and ridiculous spending. It was meant to allow the investment of Social Security receipts in excess of obligations to meet future demands.

1. Require the Congress to separate budgets of Social Security and the General Fund as corporations would be required to do so and publish the reports, as required by law, on both their official websites and Social Securitys official website.
2. Since Congress has violated the spirit of the original law which will eventually bankrupt the Social Security Trust Fund, we, the citizens of the United States of America, demand no further investment unless prior investment is returned, with interest as required by the law. If the Congress cannot pay back the debt then according to the law the Secretary of the Treasury should sell any obligations acquired by the Account (except special obligations issued exclusively to the Account) may be sold at the market price (Title II, Section 201, (c)). Special obligations should not be allowed except in cases of economic distress (recessions or depressions) or war only (see item 4).
3. Require the Secretary of the Treasury to buy future bonds as required by the Act at on original issue at par, or by purchase of outstanding obligations at the market price. (Title II, Section 201, (b)(1)(2))
4. Require the Congress to provide for a balanced budget except in times of economic distress (recessions or depressions) or war only. We, the citizens of the United States of America, demand a balanced budget Amendment to the U.S. Constitution to enforce such a provision because we do not trust the Congress to not violate the balanced budget requirement of the citizenry of the United States.

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Margret HaleBy:
School and EducationIn:
Petition target:
US Congress

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