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Social Security

President Franklin Roosevelt Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised, and it was set up in this way:

  1. Participation in the Program would be completely voluntary

  2. The Participants would only have to pay 1% of the first $1,400 of their annual incomes into the Program

  3. The money the participants elected to put into the Program would be deductible from their income for tax purposes each year

  4. 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

  5. The annuity payments to the retirees would never be taxed as income.

Since then, many of us have paid into FICA for years and are now receiving a monthly Social Security check,  but we are taxed on 85% of the money we paid to the Federal government to "put away."

You may be interested in the following:

President Lyndon B. Johnson 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.

 

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? Vice President Al Gore
A: The Democratic Party under President Bill Clinton, with Al Gore casting the "tie-breaking" deciding vote as President of the Senate, while he was Vice President of the U.S.

 

President Jimmy Carter 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, begin to receive SSI Social Security payments!  The Democratic Party gave these payments to them, even though they never paid a dime into it!

 

Then, after doing all this lying and thieving and violation of the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take away your Social Security!   The worst part about it is, uninformed citizens believe it!

 

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