Social Security - Is this true? ( Archived) (6)

Franklin Roosevelt, a Democrat, introduced the Social
Security (F ICA) 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 prog ram, 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 the 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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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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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 US

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Q: Which Political Party decided to start giving
annuity payments to immigrants?

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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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!

It's a government program ... of course it'll get screwed up ... and the public will get the shaft.

It was also promised that Social Security numbers would never be citizen I.D. numbers, But that is exactly what they have bacome

America's 3rd rail of politics: social security.


Were I young, I would prefer to have invested my % withheld in a required trust fund....as there's nothing like being in control of one's own future.

I think I would have come out ahead.

you can probably apply that same logic to any government program, As years go on all programs get distorted. FDR had a good plan, but it was flawed from the beginning, as he stared with 0 balance and stsrted giving away money that wasn't even collected, yet