Monday, February 15, 2010

History of Social Security

I have not verified all the facts, but I thought this was interesting:

The History of Social Security ------------------------------------------------------------

Our Social Security
Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:
1.) That participation in the Program would be Completely voluntary,
No longer Voluntary (I just found out you can opt out, but you still pay the minimum contribution, so that is still mandatory)

2.) That the participants would only have to pay 1% of the first $1,400 of their annual Incomes into the Program,
Now 7.65% On the first $90,000

3.) That the money the participants elected to put Into the Program wouldbe deductible from Their income for tax purposes each year,
No longer tax deductible

4.) That the money the participants put into the Independent 'Trust Fund'rather than into the General operating fund, and therefore, would Only be used to fund the Social Security Retirement Program, and no other Government program, and,
Under Johnson the money was moved to The General Fund and Spent

5.) That the annuity payments to the retirees Would never be taxed as income.
Under Clinton & Gore Up to 85% of your Social Security can be Taxed

Since many of us have paid into FICA for years and are Now receiving aSocial Security check every month -- And then finding that we are gettingtaxed on 85% of The money we paid to the Federal government to 'put Away -- you may be interested in the following:

Q: Which Political Party took Social Security from the Independent 'Trust Fund' and put it into the General fund so that Congress could spend it?
A: It was Lyndon Johnson and the democratically Controlled House and Senate.

Q: Which Political Party eliminated the income tax Deduction for Social Security (FICA) withholding?
A: The Democratic Party.

Q: Which Political Party started taxing Social Security annuities?
A: The Democratic Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US

Q: Which Political Party decided to start giving Annuity payments to immigrants?
AND MY FAVORITE:
A: That's right!
Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, Began to receive Social Security payments! The Democratic Party gave these payments to them, Even though they never paid a dime into it!

Then, after violating the original contract (FICA), The Democrats turn around and tell you that the Republicans want to take your Social Security away!
And the worst part about it is uninformed citizens believe it!
If enough people receive this, maybe a seed of Awareness will be planted and maybe changes will Evolve. Maybe not, some Democrats are awfully Sure of what isn't so.
But it's worth a try. How many people can YOU send this to?
Actions speak louder than bumper stickers.

And Congress gives them 100% Retirement after serving ONE term!

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