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Posted: 10/21/2004 6:22:52 AM EST
[Last Edit: 10/21/2004 6:24:13 AM EST by Da_Bunny]
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?

A: That's right! Jimmy Carter and the Democratic Party. Immigrants
moved into this country, and at age 65, began to receive SSI
Social Security payments! The Democratic Party gave these payments
to them, even though they never paid a dime into them.
Then, after doing all this lying and thieving and 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!

Link Posted: 10/21/2004 7:38:06 AM EST
[Last Edit: 10/21/2004 7:39:05 AM EST by Atencio]
We had this one a while back. According to the Social Security Department ( take it for what it's worth ) the stuff mentioned(at times, word for word) are myths or at best misconceptions.


Myths part 1
myths part 2
Link Posted: 10/21/2004 7:42:29 AM EST
whatever. I'll invest in my own retirement fund thank you very much... that is, while the government still allows personal investment.

I'll just use my social security to buy guns and ammo.
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