Khuzestand

Social Security background highlights

Interesting Info apart form Political Advertisement Part!!!


I received this information from a peer and thought I'd share it with you. History holds all sorts of really interesting facts, but many people forget about them and only think about this moment in time. I try to limit my political diatribes as much as possible, but the misinformation going around today on so many fronts is simply breath-taking to me. A friendly reminder is very important to have around at times, so for what it’s worth.....

Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:

1.) That participation in the Program would be completely voluntary;

2.) That 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 (Federal Insurance Contributions Act (FICA)) [ http://www.ssa.gov/mystatement/fica.htm] 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: Lyndon Johnson and the Democrat-controlled House and Senate.

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Q: Which political party eliminated the income tax deduction for Social Security (FICA) withholding?
A: The Democratic Party.
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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 U.S.

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Q: Which political party decided to start giving annuity payments to immigrants?
A: 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!


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Then, after doing all this - in contravention of the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!
The worst part about it is that uninformed citizens believe it!