What Really Happened to 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.
——————————

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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:
————————————————————-

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 USA.

——————————————————————-

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

This is MY FAVORITE:

A: That’s right! Jimmy Carter! And the Democratic Party of course!
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 violating
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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2 Comments

  1. Posted April 7, 2008 at 11:48 pm | Permalink

    I dont see why so many Democrats were opposed to the voluntary accounts. It was a good idea. Well, I do know the answer – to score political points.

  2. Posted April 8, 2008 at 2:37 am | Permalink

    Voluntary accounts take the control away from the government and it doesn’t allow them to take that money and spend it on something else. America is continuing its slow death march to complete socialism.


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