Pendulum Swinging Toward Privacy
netbuzz writes "The New York Times reports this morning on a gathering movement to remove Social Security numbers from online public records. While justifiable, given the reality of and concerns about identity theft, it also doesn't take much to imagine how such concerns will be abused by public officials who are strapped for cash and/or ethically challenged."
There's no money stored anywhere. Social Security is a "pay as you go" system, and any excess funds are replaced with Treasury Bonds (IOUs from the taxpayers to fund Social Security in the future). At some point, the tax needs of repaying those bonds, as well as covering new retirees will exceed the ability of the workforce to pay - unless a significant change in the system is enacted.
If you have a old SSN card like mine it says on the bottom
FOR SOCIAL SECURITY AND TAX PURPOSES-NOT FOR IDENTIFICATION
This is from about 1970ish.
In GOD we trust, all others we monitor.