Author Topic: The History of Social Security  (Read 166 times)

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Offline randyjaco

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The History of Social Security
« on: November 09, 2017, 10:00:36 PM »

Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:
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1.) That participation in the Program would be
Completely voluntary,
No longer Voluntary
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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
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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
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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 the money was moved to
The General Fund and Spent
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5.) That the annuity payments to the retirees would never
be taxed as income.
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Under Clinton & Gore
Up to 85% of your Social Security can be Taxed
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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' -- you may be interested in the following:
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------------ --------- --------- --------- --------- --------- ----
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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.
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------------ --------- --------- --------- --------- --------- --------- --
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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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------------ --------- --------- --------- --------- --------- --------- -----
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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 US
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------------ --------- --------- --------- --------- --------- --------- -
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Q: Which Political Party decided to start
giving annuity payments to immigrants?
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AND MY FAVORITE:
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!
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------------ -- ------------ --------- ----- ------------ --------- ---------
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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!
If enough people receive this, maybe a seed of
awareness will be planted and maybe changes will
evolve.
"A gun is like a parachute. If you need one, and don't have one, you'll probably never need one again." (Unknown)

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Offline ArmedTexan

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Re: The History of Social Security
« Reply #1 on: November 09, 2017, 10:16:15 PM »
I glad that I don’t pay into social security! There won’t be any money in it for me when I retire anyways.
I call my AR-15 Anne; she's pretty and likes to accessorize. My AK-47 is known as Frank, he won't stop no matter how dirty he is. Oh and when the gov't comes look'n for 'em, they be hid'n in the attic!

Online busykngt

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Re: The History of Social Security
« Reply #2 on: November 09, 2017, 10:22:52 PM »
“....maybe changes will evolve.”

I doubt it.

You see, it was a “Ponzi scheme” from the beginning.  And by the definition of that term, you have to keep bringing more & more new people into it, in order to keep it working. Thus contributing to the immigration problem we have.  In order to keep the thing afloat, the government will have to make further strict rule changes to it.  All we’ve done is kick the can down the road - it’s our children and/or grandchildren who are going to suffer the real consequences of the SSA collapse.
"Its leaders were supposed to serve the country
But now they won't pay it no mind."  Monster 1969 Steppenwolf