Safety of Social Security Funds Explained by Sylvia Porter
Sylvia Porter answers readers questions about four Social Security funds, their purposes, and safeguards. Four funds include Old Age and Survivors Insurance, Disability Insurance, Hospital Insurance, and Supplementary Medical Insurance. Funds are invested in U.S. government securities and dedicated to benefits and operating costs. The two retirement/disability funds had $37.8 billion in assets at end of June 1970 and are projected to cover benefits for 75 years.
MENTIONED IN THIS ARTICLE
Ohio
Treasury
Federal Old-Age & Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Trust Fund
Federal Supplementary Medical Insurance Trust Fund
U.S
House
Senate
Congress
Secretary of the Treasury
Secretary of Labor
Secretary of Health, Education and Welfare
U.S. Government Printing Office
Washington, D.C
Today in History highlights from Oct 8 1970
On October 8 1776 the Spanish mission at San Francisco was founded and in 1804 Dessalines was crowned emperor of Haiti. The 1871 Chicago fire started, 1912 Montenegro declared war on Turkey, and 1918 Alvin York killed 20 Germans. Hauptmann was indicted in 1934 for Lindbergh baby murder. Truman announced atomic secrets shared only with Britain and Canada in 1945. Khrushchev in New York predicted China would join the UN, Johnson had gall bladder surgery in 1965, floods killed 500 in Tunisia in 1969. Medicare funds question notes Hospital Insurance Fund growth and proposed Social Security tax changes starting 1971.
MENTIONED IN THIS ARTICLE
Associated Press
San Francisco
Jean Jacques Dessalines
Haiti
Chicago
O’leary
Montenegro
Turkey
Alvin C. York
Argonne Forest
France
Bruno Richard Hauptmann
Charles A. Lindbergh
Harry S. Truman
Britain
Canada
Nikita S. Khrushchev
New York
China
United Nations
Lyndon B. Johnson
Tunisia
Jacoby on Bridge Major Fit After Two Clubs Bid
West opens with queen of diamonds and North responds two hearts showing 4+ points. South rebids two no trump, seeking a fit. North uses Stayman after two clubs, hearing three clubs, he bids three spades and then game is reached. The sequence illustrates Scarborough Stayman over two clubs and how to reach a spade game with no trump strength.
MENTIONED IN THIS ARTICLE
West
South
North
Stayman
East
Newspaper Enterprise Assn
City Artist Gloria Jackson Holds Watercolor Exhibit in Wa basha
Minnesota show runs through October at Wa basha public library with reception set for October 14 from 1 to 3 30 p m Mrs Gloria Jackson has painted for 15 years and previously taught at a Chippewa Falls vocational school Her past exhibits include La Crosse Iowa a Madison rural art show and the Wisconsin State Fair
MENTIONED IN THIS ARTICLE
Gloria Jackson
S. 17Th Place
Wabasha
Minn
Also Mentioned on This Page
Sylvia Porter
By Sylvia Porter
Field Enterprises, Inc
Renneys
Leander
Jacoby
By Oswald
James Jacoby
Minnesota
Penn
Sale
Jacron
Pamela’ Sharkski
Valance
Enneys
la Crosse
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!