HISTORY LESSON ON SOCIAL SECURITY!
Just in case some of you didn’t know and it’s easy to check out, if you don’t believe it. Share this with your family and friends. 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 today.
2.) That the participants would only have to pay 1% of the first $1,400 of their annual incomes into the Program. Now it is 7.65% on the first $90,000 of income.
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. Under Lyndon 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 is taxed.
Many of us have paid into FICA for years and are now receiving a Social Security check every month are upset that we are getting taxed on 85% of the money we paid to the Federal government to ‘put away’.
Everyone should be interested in the following recap:
A.) Lyndon Johnson and the democratically controlled House and Senate started the waste of the Social Security Trust Fund.
B.) The Democratic controlled Congress eliminated the income tax deduction for Social Security (FICA) withholding.
C.) Bill Clinton and the Democratic Party, with Al Gore casting the ‘tie-breaking’ deciding vote as President of the Senate voted to tax 85% of our Social Security while he was Vice President of the US.
AND MY FAVORITE:
D.) Jimmy Carter and the Democratic Congress voted to allow immigrants who moved into this country, to receive Social Security benefits at age 65. It did not matter if they had never paid a dime into the Program.
The sad part is that we constantly hear Democrats scream that the Republicans want to take your Social Security payments away from you. The worst part about it is the elderly and uninformed citizens actually believe it!
If enough people read this, maybe a seed of awareness will be planted and maybe necessary changes will evolve. It’s worth a try, how many people can YOU send this to?
The original program was not a Ponzi scheme but the Democrats have totally changed the original intent to make it a retirement plan. It was designed to supplement retirement for the poor. If unchecked by the time my grandkids reach retirement age, 99% of Americans will be poor and there will be no money to pay anyone.
Actions speak louder than bumper stickers!
PLEASE DO KEEP THIS ONE ROLLING ACROSS THE COUNTRY. HOPEFULLY IT WILL OPEN A FEW EYES!!!!!!!