History
Lesson on Your Social Security
Just in case some young people (& some
older ones) didn't know this. It's easy to
check out, if you don't believe it. Be sure
and show it to your family and friends. They need a little history lesson on
what's what and it doesn't matter whether you are Democrat or Republican. Facts
are Facts.
Social Security Cards up until the 1980s expressly
stated the number and card were not to be used for identification purposes.
Since nearly everyone in the United States now has a number, it became
convenient to use it anyway and the message, NOT FOR IDENTIFICATION, was
removed.
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
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 would be 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 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?
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!