The RoanokeSlant

This file is a personal journal of commentary of examples of the Roanoke Times and Liberal Media Slant. lbhagen@aol.com

Saturday, June 09, 2012

 

Your So Called Social Security

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Not clear who compiled this list (certainly wasn't the Roanoke Times) but the author clearly understands what a ponzi scam the so called Social Security System has become. It appears that the preamble to the original Social Security law should have started with:
“As long as the sun will shine, as long as the rivers will flow.”
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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
(something about funding The Great Society)

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.
(something about funding The Great Society)

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?

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 all these gross violations of the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!
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The Trustees of the Social Security so called Trust Fund have announced that the fund will run out of money in 2033 and benefits will have to be massively reduced consistent with payroll deductions at that time.
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