History of the Social Security Card
Just in case some of you didn’t know this here’s a little history lesson on what’s what and Facts are Facts!
Social Security Cards up until the 1980s expressly stated that the number and card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, the message was removed.
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.
President Lyndon B. Johnson moved the money to The General Fund.
5.) That the annuity payments to the retirees would never be taxed as income.
Under Clinton & Gore 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’ — 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!
The worst part about it is uninformed citizens believe it!
In a move as predictable as Lucy pulling the football away from Charlie Brown, Democrats are using Social Security scare tactics to gain ground before the November election. President Barack Obama is not only tolerating this classic old politics maneuver by his party — he is leading the charge.
Amid a flurry of Democratic Party news releases and press conferences warning voters that Republicans are targeting Social Security for destruction, the President devoted his radio and Internet address last week to commemorating the 75th anniversary of the signing of the law that created the program.
He cautioned that “some Republican leaders in Congress don’t seem to have learned any lessons” from the past and are “pushing to make privatizing Social Security a key part of their legislative agenda if they win a majority in Congress.”
http://www.time.com/time/politics/article/0,8599,2012449,00.html
Read more: http://www.time.com/time/politics/article/0,8599,2012449,00.h…
Read more: http://www.time.com/time/politics/article/0,8599,2012449,00.h…
