Quiver's House

November 18, 2005
The Truth about Social Security

 

Disclaimor: I am NOT trying to offend anyone, I just thought this interesting. If you are a democrat and offend easily, just scroll on past this entry  . However, I'd love to hear your opinion on President Bush's proposal to have a personal social security savings/investment account, verses how the program works now.

"We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."
~Winston Churchill

SOCIAL SECURITY:


Franklin Roosevelt, a Democrat, 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," 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 U.S.

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

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!

Then, after doing all this lying and thieving and
violation of 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!


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Comments


November 22, 2005 - This is fascinating.

Posted by Fiveducksinarow


Where did you find this? I would love to share it with my dad who really does believe that the President wants to take away SS.


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November 23, 2005 - Untitled Comment

Posted by Quiver0f10


It was emailed to me by a friend and I unfortunately, don't have a link. I can ask her the next time she is online though and will post a link.


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