Friday, July 03, 2009

Our Social Security System

Franklin Delano. Roosevelt (Terms of Office March 4, 1933, to April 12, 1945), 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 Americans have paid into FICA for years and are now receiving a Social Security check every month -- and then finding that they are getting taxed on 85% of the money which they paid to the Federal government to 'Put Away for them' -- you may be interested in the following:

If you recall, 1958 is the first year that Congress, not President Eisenhower, voted to remove funds from Social Security and put them into the General Fund for Congress to spend.

If you recall, it was a democratically controlled Congress.

From research, Congress’s logic at that time was that there was so much money in Social Security Fund that it would never run out or be used up for the purpose it was intended or set aside for.
Question: Which Political Party eliminated the income tax Deduction for Social Security?
(FICA) withholding?
Answer: The Democratic Party.
Question: Which Political Party took Social Security from the Independent 'Trust Fund' and put it into the General Fund so that Congress could spend it?

Answer: It was Lyndon B. Johnson (Democrat, Term of Office: November 22, 1963 to January 20, 1969) and the democratically Controlled House and Senate.

Question: Which Political Party started taxing Social Security annuities?

Answer: The Democratic Party, with Albert Arnold Gore, Jr. (Al Gore) Vice President Term of Office: January 10, 1993 to January 20, 2001 who cast the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US.

Question: Which Political Party decided to start giving Annuity payments to immigrants?

ANSWER: JAMES EARL CARTER, JR. (jimmy Carter) (DEMOCRAT, TERM OF OFFICE: JANUARY 20, 1977 TO JANUARY 20, 1981 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!

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posted by David Tippie @ 2:33 PM   0 comments

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