SOCIAL SECURITY

Below is a small history of Social Security. It may be appropriate to review this before Tax time and the Mid term elections of 2010.

Social Security - A SUMMARY!

Just in case some of you younger folks (& some older ones)

didn't know this. It's easy to check out, if you don't believe it. Be sure and show it to your kids. They need a little history lesson on what's what and it doesn't matter whether you are Democrat or Republican. Facts are Facts!

Our Social Security

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

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

Now it is 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 it is 7.65%(more with add ons)

3.) That the money the participants elected to put into the program would be deductible from their income for tax purposes each year,

Now it is 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 President Johnson the money was moved to The General Fund and spent by Congress

5.) That the annuity payments to the retirees Would never be taxed as income.

Under President Clinton now Up to 85% of your Social Security payments 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’, 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 US

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!

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; maybe not. Some Democrats are awfully Sure of what isn't so. But it's worth a try.

AND CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE TERM; Without being part of Social Security.