Our Congress has this yearly fight over budgets (as they should), and it always includes the continued funding of Social Security. Every year we are threatened that if Congress doesn’t “do something,” Social Security will go broke and millions of retirees will be thrown out on the streets and starve to death.
It wasn’t always that way. The following is something that shows up from time to time, and it’s all true. Read and learn:
HISTORY LESSON ON YOUR SOCIAL SECURITY CARD
Just in case some of you young whippersnappers (& 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 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 NOT FOR IDENTIFICATION message was removed.
Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. The promises that he made are below with comments enclosed in [brackets].
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, and 15% on the first $90,000 if you’re self-employed],
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 [Under Johnson the money was moved to the General Fund and Spent], and
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: 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!
Now, 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!
Social Security occasionally becomes a campaign issue, and when it does, it frosts me that the politicians gloss over or ignore the above. Perhaps this is why the public no longer trusts the politicians, and is looking at non-political party candidates for the highest office of the land.