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HISTORY LESSON ON SOCIAL SECURITY!! THE TRUE FACTS!

Drew~PWCM~JLA~ 2013/01/07 20:57:59
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HISTORY LESSON ON SOCIAL SECURITY!!
THE TRUE FACTS!
Just in case some of you young whippersnappers (& some older ones) didn't know this.
It's easy to check o...ut, if you don't believe it. Be sure and show it to your family
and friends. They need a little history lesson on what's what and it doesn't matter
whether you are Democrat or Republican. Facts are Facts.

Social Security Cards up until the 1980s expressly stated the number and
card were not to be used for identification purposes. Since nearly everyone in the
United States now has a number, it became convenient to use it anyway and the
message, NOT FOR IDENTIFICATION, was removed.

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,

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, and,

Under Johnson 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
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?

AND MY FAVORITE:

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!

------------ -- ------------ --------- ----- ------------ --------- ---------

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.
But it's worth a try.
How many people can YOU send this to

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  • mountainman 2013/01/26 19:29:49
  • Joe The... mountai... 2013/01/27 20:12:27
  • Drew~PW... mountai... 2013/01/28 03:24:53
    Drew~PWCM~JLA~
    I have joind the Libertarian Party myself. Check it out buddy. ;)
  • Magus BN-0 2013/01/25 23:51:35
    lies
    Magus BN-0
    +3
    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, False. FICA was mandatory from the day the original Social Security Act of 1935 went into effect.

    2.) That the participants would only have to pay
    1% of the first $1,400 of their annual
    Incomes into the Program, False again. The original (temporary) rate was 1% of the first $3,000. The Social Security Act of 1935 provided for that to gradually increase to 3% by 1949. Changes since then have been made to account for inflation and the growing population.

    3.) That the money the participants elected to put
    into the Program would be deductible from
    their income for tax purposes each year, The opposite is true. The Social Security Act of 1935 specified that the payments into Social Security (which, as stated above, were mandatory, not elective) weren't tax-deductible. Throughout the history of the Social Security program, payments have never been 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, and,

    ...





    &
    &




































    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,
    False. FICA was mandatory from the day the original Social Security Act of 1935 went into effect.

    2.) That the participants would only have to pay
    1% of the first $1,400 of their annual
    Incomes into the Program,
    False again. The original (temporary) rate was 1% of the first $3,000. The Social Security Act of 1935 provided for that to gradually increase to 3% by 1949. Changes since then have been made to account for inflation and the growing population.

    3.) That the money the participants elected to put
    into the Program would be deductible from
    their income for tax purposes each year,
    The opposite is true. The Social Security Act of 1935 specified that the payments into Social Security (which, as stated above, were mandatory, not elective) weren't tax-deductible. Throughout the history of the Social Security program, payments have never been 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, and,

    Under Johnson the money was moved to
    The General Fund and Spent
    Closer, but not quite. The Social Security Act specifies that money in the trust fund can only "be invested in securities backed by the full faith and credit of the Federal government". Meaning treasury bonds. That allows the government to effectively lend the money to itself and spend it on non-Social Security programs, but only so long as they pay back the money when the bonds mature, just like they're required to do with any other person or group that invests in treasury bonds.

    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
    You're finally getting into something that's partially true: originally, Social Security payments were not considered taxable income. But FDR never "promised" this, it's just a judgement that the Treasury Department made after the Social Security program began. And "Clinton & Gore" had nothing to do with changing this. It was Ronald Reagan, in 1983, who signed into law an amendment to the Social Security Act that made Social Security payments into taxable income.

    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.
    As mentioned above in point #4, this has a small grain of truth to it, but it's mostly false.

    Q: Which Political Party eliminated the income tax
    deduction for Social Security (FICA) withholding?

    A: The Democratic Party.
    As mentioned above in point #2, there never was an income tax decution for FICA withholding.

    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
    Again, that's incorrect. As mentioned above, it was Reagan who signed this into law. The bipartisan Greenspan Commission made the recommendation, and it was passed by large bipartisan majorities of both the House and Senate.

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

    AND MY FAVORITE:

    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!
    This might be your favorite, but it's also quite possibly the biggest whopper in this chain e-mail that you copy-pasted to SH. Illegal immigrants do not receive Social Security payments under any circumstance, and legal immigrants get Social Security payments when they reach retirement age only in proportion to the amount that they paid into the system. Just like native-born Americans.

    It's Supplemental Security Income (SSI) disability payments, which are not age-based, that can be received without paying into Social Security. That's because SSI is not funded by FICA and is a separate program from Social Security. Also, Carter had nothing to do with it; SSI was enacted by Nixon.

    http://www.snopes.com/politic...
    http://www.factcheck.org/2009...
    (more)
  • WankerBait 2013/01/25 22:35:31
  • Giantsfan 2013/01/25 22:25:29 (edited)
    true
    Giantsfan
    +2
    And you're whining again. A trait hard for the right to shake. I say so what. We have SS, we pay taxes, we live in the greatest country the world has ever known, greatness doesn't come cheap. Stop whining already. It's unbecoming of an American.
  • Pay me 4profile 2013/01/25 09:40:29 (edited)
    true
    Pay me 4profile
    +1
    FICA, is a marxsist plan designed to strengthen a over spending goverment.

    the larger the fica dept increases the more the goverment grows to communist strength to force the future generation to pay slave taxes.



    the mear facts prove older men and now women with their tall dark and hansome president, will hide the problem by again raising the retirement age to 70, then wait for our kids to pay for their vacation package.



    the facts are simple, this big brother generation call to action, fiscal responsibilty, and motion to ilminate any targets praying on childrens payroll.



    i am this serious, start returning FICA to the people you are collecting from, i sappose al the money is all stored away in a us treasury bank, "RIGHT?"





    it is time to buy backs out standing bonds, balance a four year budget, and remove 63 and over of our target hit list of interviews



    add to the 27 admendment, all presidents must right a four year budget with in his first 100 days of his administration, then declare federal regulation to protect his budget by the end of the first Wall Street fiscal quarter of the year
  • Magus BN-0 Pay me ... 2013/01/25 23:54:07
    Magus BN-0
    Raising the retirement age is what Republicans want to do.

    Also, presidents already propose budgets to Congress every year, and budgets are always for one year, not four. And it's Congress that's responsible for passing a budget.
  • Pay me ... Magus BN-0 2013/01/26 00:43:19
    Pay me 4profile
    +1
    well black white, democrat republican, retirement age should simply be lower to 63, the goverment needs to buy back bonds now, fix the budget were the bonds go up in price then give the higher value of the bonds to retired individual and start shutting down fica. it a maeksist budget and no tax payer deserves to be tax slave were older people vaction.

    bottom line!!!!!!!

    congress can not pass a buget when congressional due process is violated by the president. all the president job is to veto yes or no, tho certain buget decision actually are the president job, so your wrong.

    pass a four budget, with a quartly review board were they can re asseses the budget every year

    that congressional responsibility
  • Joe The... Pay me ... 2013/02/11 13:36:03
  • Pay me ... Joe The... 2013/02/11 19:50:43
    Pay me 4profile
    this is true whart you say, the fact is there is nothing done for accountabilty and this will end. ted roosevelt origanal conceppt of fica has been completly changed.

    well the first step is to fight the current adminstration first, then correct what is neccessary.
    the fact is the president agnda of helping imgrants before people who have been here working hard for many years trying to retired is secondary on his list..
  • TheTailor 2013/01/11 20:15:41
    true
    TheTailor
    +1
    Even if this is true, and of course it is, over 100 million people are on assistance. They will vote to continue getting to get a check no matter what the history or economic truth.
  • joseph digristina 2013/01/10 23:52:15
  • Joe The... joseph ... 2013/01/11 21:40:56
  • joseph ... Joe The... 2013/01/11 22:35:03
  • Joe The... joseph ... 2013/01/12 00:44:28
  • joseph ... Joe The... 2013/01/12 01:12:58
  • Joe The... joseph ... 2013/01/12 03:55:53
  • joseph ... Joe The... 2013/01/12 09:19:03
  • Joe The... joseph ... 2013/01/12 14:24:23 (edited)
  • joseph ... Joe The... 2013/01/12 22:53:46
  • Magus BN-0 Joe The... 2013/01/25 23:57:33
    Magus BN-0
    Yes, FDR rejected that idea. He was in error to do so.
  • Joe The... Magus BN-0 2013/01/26 02:35:15
  • Magus BN-0 Joe The... 2013/01/25 23:55:49
    Magus BN-0
    The American people strongly disagree with you, and consider Social Security to be one of the best-run programs in the history of government.
  • Joe The... Magus BN-0 2013/01/26 02:37:01
  • Magus BN-0 Joe The... 2013/01/27 04:28:05
    Magus BN-0
    +1
    My source would be every poll ever taken on the issue. 28% isn't just a minority, it's a small minority.
  • Joe The... Magus BN-0 2013/01/27 20:09:32
  • Magus BN-0 Joe The... 2013/01/28 01:57:05
    Magus BN-0
    As recently as 2 days ago, polling shows that over 60% want Social Security to not be changed at all.
    http://www.newsmax.com/US/pol...
  • Joe The... Magus BN-0 2013/02/11 14:03:21
  • Dan 2013/01/10 03:55:50
    true
    Dan
    +2
    It seems to be a mixture of both true and false. Some claims are open to interpretation. One fact that is not debatable is that the government has emptied the SS account. That alone is enough to dought any promise made by politicians.


    http://www.snopes.com/politic...

    http://www.factcheck.org/2009...
  • Joe The... Dan 2013/01/10 15:06:19
  • Magus BN-0 Joe The... 2013/01/25 23:59:54 (edited)
    Magus BN-0
    The part about Social Security payouts originally being untaxed is true. Though the claim that it was Clinton and Gore who changed that is a lie, since it was a bipartisan agreement between Ronald Reagan and Tip O'Neill that made Social Security payments into taxable income. Thus, that point on the e-mail's list is half-true. The rest are just false.
  • Joe The... Magus BN-0 2013/01/26 02:53:14
  • Joe The... Dan 2013/01/10 15:08:16
  • Dan Joe The... 2013/01/13 18:42:25
    Dan
    +1
    To me, using ss money to fund any government operation or to buy it's own securities is like using a credit card to pay a credit card. In my way of thinking, if I have $500 in cash and a $10,000 credit card debt, I have no money. I have $9,500 in debt. The same goes for a government that says it has 2.7 trillion in an account with a 16 trillion debt. Some may call it over simplifying but our politicians get away with way too many shell games by making the system so complicated you'd have to dedicate your life to figuring it out. In short, I don't have faith in any entity that borrows 40 cents of every dollar it spends and then tries to tell me it has money.
  • Joe The... Dan 2013/01/13 19:23:46
  • Joe The... Dan 2013/01/13 19:28:13
  • Joe The... Dan 2013/01/13 19:29:04
  • Daniel O'Hern 2013/01/09 00:02:32
    true
    Daniel O'Hern
    +1
    Due to the overspending government social security has just become an additional source of tax revenue under the guise that we will actually get something back for it. As yet people still get their social security checks but lets see if it makes it through the debt ceiling and if it does the money is just more robbing from the next generations.
  • Joe The... Daniel ... 2013/01/09 03:22:57
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