Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:
1.) That participation in the Program would be
completely voluntary,
2.) That the participants would only have to pay
1% of the first $1,400 of their annual
incomes into the Program,
3.) That the money the participants elected to put
into the Program would be deductible from
their income for tax purposes each year,
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,
5.) That the annuity payments to the retirees
would never be taxed as income
--------------------------------------...
Since many of us have paid into FICA for years and are
now receiving a Social Security check every month --
and then finding that we are getting taxed 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?
A: That's right! Jimmy Carter! And the Democratic Party of course!
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 doing all this lying and thieving and violating
of 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!
Social Security truth, anyone, and everyone?
Amazing how the democrats turned it into a cash cow and are still able to have republicans blamed for it! And the remedy that President Bush proposed last year was very much like the congress and senate enjoy and prosper from. (democrats included of course) Yet, they were able to convince the American public that it would be a failure! Go figure? you'd think that what was good for our congressmen would be good for the rest of us!!!!
Reply:Tinker you have it wrong. You should have said what is good enough for the common individual should be good enough for our leaders. Our Leaders RAPE us with their retirement plan. Report It
Reply:well, I'm not 100 percent sure of all the things you state, but most are probably true...
but, I don't like many things the democrats have done granted.... and many of those things are pretty bad...
but I just like things the Republicans have, overall, done a lot less...
and many Republicans want to turn social security into a wall street investment program... which I don't like personally... because if wall street breaks... bye, bye even social security, which would be disasterous, considering that many people have a lot of their other retirement funds tied into wall street already... so they would loose everything... including social security...
I don't hear either party talking about fixxing it, back to the way it was now
Reply:I'm not real sure what your point is...I can just say that FDR put the program into place in the 30's...and, like most everything else, societal changes require changes in government, benefits and everything else.
You would'nt want every car to come off an assembly line to be a Model A Ford, would you?
When the Constitution and Bill of Rights were being composed, it only applied to White, male landowners. Women, the poor, servants, slaves and others weren't covered. Would you still want it that way?
Times change and we must change with it.
Reply:Don't forget he maintained a top corporate tax rate of 90% which prevented reinvestment of corporate profits thus preventing growth thus preventing an increase in the stock market thus creating a "need" for a government retirement program to begin with.
Reply:Sources please.
Reply:Which political party shouts about - no tax increase! - cutting your taxes - and then deficit spends 100 billion/ year for the last 4 years on a dumb war?
Guess who will be paying off this debt to the Chinese after that party is gone. You.
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