Political Football

Our Social INSecurity

http://www.socialinsecurity.net/

Franklin Delano Roosevelt http://en.wikipedia.org/wiki/Franklin_D._Roosevelt; 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:

Question: Which Political Party took Social Security from the Independent “Trust Fund” and put it into the General Fund so Congress could spend it?
Answer: It was Lyndon B. Johnson
http://en.wikipedia.org/wiki/Lyndon_B._Johnson> Democrat, and the Democrat Controlled House and Senate.

Question: Which Political Party eliminated the income tax Deduction for Social Security (FICA withholding)?
Answer: The Democratic Party. William Jefferson Clinton and Albert Arnold Gore, Jr. http://en.wikipedia.org/wiki/Al_Gore>)

Question: Which Political Party started taxing Social Security annuities?
Answer: The Democratic Party, with Albert Arnold Gore, Jr. Gore cast the “tie-breaking” vote as President of the Senate, while he was Vice President.

“A government big enough to give you everything you want, is strong enough to take everything you have.” Thomas Jefferson <http://en.wikipedia.org/wiki/Thomas_Jefferson>

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