Social Security

Social Security

PostBy: smokeyCityTeacher On: Wed Jul 28, 2010 12:09 am

When 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
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
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 Johnson, another Democrat, 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, Democrats, Up to 85% of your Social Security can be Taxed
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' for us -- 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?
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!
smokeyCityTeacher
 
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Re: Social Security

PostBy: jeromemsn On: Wed Jul 28, 2010 6:17 am

So you can get SS payments even if you don't pay in, wow. I get a letter from the SS about every 3 years and it states what I have paid in and what I should receive in benefits at such and such an age. Didn't know you were taxed on benefits unless you earned over x amount of money. I thought thats why some retirees took on part time jobs, so they kept busy and had something to do, made a bit of extra cash on the side, but without paying any extra tax on there benefits. Ah hell what do I know, I'm just a dumb Republican that voted Democrat. The worlds already ended so who gives a damn. Oh wait it didn't end, guess because a Democrat is in office.

Now what we need is more good news to start every Wednesday, so what good news will next Wednesday bring.

Oh did I tell ya I'm starting a new Party.......the Bourbon Party every time the Republicans take a shot at the Democrats we all take a shot. Every time the Democrats take a shot at the Republicans we all take a shot. just think at the end of the evening news we will all have that "I don't give a damn" attitude just like all the well paid congress and senate that have to take punches at each other so they get reelected. (Bozo Circus in the big round tent)
jeromemsn
 
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