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History Lesson on Social Security

“Borrowed” from Chuck Z. at the outstanding From My Position…………………..On The Way.

Just in case some of you didn’t know this.
People 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, (Six worst letters in American History are FDR and TVA) 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 (ack, spit) 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 and  Gore it went up to 85% of your Social Security can be taxed)

Since many have paid into FICA for years and are receiving a Social Security check every month –and then finding that they are getting taxed on 85% of the money they 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 (ManBearPig) 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.

Immigrants move into this country, and at age 65, begin to receive Social Security payments! The Democratic Party gave these payments to them, even though they might have 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!
–Chuck

Betcha didn’t know that one, eh boys and girls!
And I was brought up to be a “good democrat?” Yeah. Right.
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2 comments to History Lesson on Social Security

  • I knew about most of this because Dad made sure I did. It’s yet another reason I don’t trust the government when they say they’re here to help and they’ll never do something bad.

  • Kath

    This is basically my WHOLE opinion of Democrats. They’re telling you over and over how much THEY are doing to help you, but in reality, no, they’re not.

    I can’t believe, won’t believe, that I could ever retire and live off of Social Secuity — unless I want to live in a cardboard box under a bridge — but I did think maybe the money I’ve paid in would do me some good. I’m not counting on it, tho.

    Pretty sure I’m going to be in the “work until I die” category. Then you can put me in the cardboard box under the bridge.

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