DEMS 2010…SOCIAL SECURITY LIES (again)
DRUDGE FEB 9.2010…..Will 80 Million Baby Boomers Bankrupt Social Security?
HAWKINS FEB 9. 2010…..”Social Security went into the red last year and that program, combined with Medicare, represents a 100 trillion dollar unfunded liability that’s going to be coming due over the next few decades, this is an issue that’s not going away for the foreseeable future.”
$OCIAL $ECURITY HI$TORY
It’s easy to check. Show it to your teens. They need a little history lesson.
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 democrat 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 democrats 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:
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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 democrat controlled House and Senate.
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Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?
A: The Democrat Party.
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Q: Which Political Party started taxing Social Security annuities?
A: The Democrat Party, with Democrat Al Gore casting the ‘tie-breaking’ deciding vote while he was Vice President.
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Q: Which Political Party decided to start giving annuity payments to immigrants?
A: Jimmy Carter and the Democrat Party…immigrants moved into this country, and at age 65, began to receive Social Security payments!
The Democrat Party gave these payments to them, even though they never paid a dime into it!
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Then, after violating the original contract (FICA), the Democrats turn around and tell you (every election) that the Republicans want to take your Social Security away! The worst part about it is uninformed citizens believe it!
Just the facts AGAIN…and now we ARE SURE to hear how its going broke and we can’t look at any private OPTION…even for 10% and those under age 55…ONLY public options are allowed by the demo-socialist Party. Its gonna be higher taxes and retirement age. Those Repub “devils” want to steal it from you…yawn, not that lie again.
How about campaigning on the bills passed in 2010? No guts for that so its the same ole distractions, lies and smears to avoid discussing THEIR policies.