Just in case some of you younger people (& some older ones too) didn't know this. It's easy to check out, if you don't believe it. Be sure and show it to your kids. They need a little history lesson on what's what . And it doesn't matter whether you are Democrat of Republican. Facts are facts!!! Reagarding our Social Security Franklin Roosevelt, a Democrat, 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 w ould 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: ---- ------------------------------------------------------- -- 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 U.S. ---------------------------------------------------- --------------- Q: Which political party decided to start giving annuity payments to immigrants? AND MY FAVORITE: A: That's right! Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, they 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 violating the original contract (FICA), th e 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! Actions speak louder than bumper stickers. AND CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE TERM!!! A government big enough to give you everything you want, is strong enough to take everything you have. -Thomas Jefferson Guess who's giving our Country away: The Democrats!
Doesn't quite pass the Snopes or Truth or Fiction tests. While some of these "facts" are true, many others are false.
Yep, I remember almost those exact words, although emphasized with a slow southern drawl and occasional tobacco spit. It was around 1974 and I was standing around a truck with a drink and a nab, taking a break from pickin tobacco and listening to a farmer talk. So, I planned accordingly, went to school, got a job that provided a pension, saved a bit of money, and made some long term investments. If I am fortunate enough maybe I'll receive social security. I'll consider it a bonus. As more of us BBs move into retirement what schemes will presented to save social security...or does it need saving? What types of ideas are out there? Means tested payments? Minimizing payments? Have there been any serious proposals or will that wait until after the election?
Well, it's not so much that SS needs saving, as the government does. As the Snopes article pointed out, the SS money hasn't just disappeared. It's been turned into bonds and such that the US government has to pay back - It's the fact that the government has so much debt and won't be able to pay it back thats the problem. If we can balance the budget and make a focused priority in paying down our debt over the next 20 years, we'll be alright. If you think about it, we don't have to fix the problem all at once - if we can pay it down a bit every year, we'll be buying ourselves more and more time to pay off the rest, until eventually we don't have a problem with debt.
At what time have you ever known the United States to be this focused for this long? Long term planning is not exactly our strong suit. We should be called the fiscal U.S. ADHD.
I like my Social Security.... It's makin' the monthly payments on my new '08 Prius..... :lol::lol::lol::lol: jf
Over twenty years ago I saw the handwriting on the wall and switched as much income as possible into dividends, interest and capital gains, all exempt from FICA, the same strategy John Kerry employed after he married the fortune from a dead Republican. Unlike him, I earned mine.
