Wednesday, February 13, 2008

Your Social Security

Your Social Security Just in case some of you young whippersnappers (and 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 kids. They need a little history lesson on what's what.

Brief Social Security HistoryFranklin Roosevelt 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' for us. 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.

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! These things are true. Look them up yourself on the net. 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. Actions speak louder than bumper stickers. One more thing about this ponzi scheme called social security. The people that set up the original rules stacked the deck for the government, not the citizen. The minimum age to receive benefits was 65, the life expectancy in the mid nineteen thirties was 59. Our fathers must have been sleeping.

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