Social Security facts............

Just in case some of you didn't know this.

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!!!


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 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:




Q: Which political party took Social Security from the
Independent 'Trust Fund' and put it in to 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),
the 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



If enough people receive this, maybe a seed of
awareness will be planted and maybe changes will
evolve. Maybe not, some Democrats are awfully
sure of what isn't so.

But it's worth a try.
How many people can YOU send this to?

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--
 
Don't know how they squeak by.....

And never pay one single penny in......


January 16, 2009 05:19 PM ET | Emily Brandon

Vice President Dick Cheney will weather the bear market with a pension worth an estimated $132,451 per year. His pension, based on service as a Representative, Vice President, and other executive branch posts, will also be regularly adjusted for the cost of living.

Former Vice President Al Gore’s initial pension in 2001 was approximately $94,810, NTU estimates. Cost of living adjustments bring Gore’s 2009 benefit up to $120,378.

President Bush will get a $196,700 pension this year.
 
Compared to the Billions the government has given to the banks in the past 6 months, these pensions are nothing. :(

Careful Clay, you sound like a Democrat.....

They had one on TV the other day and he said "My retirement doesn't amount to anything, it's only a little over $0.25 per day for every taxpayer. :ack2:
 
COLAs now account for more than half the $36 billion annual pension benefits paid to retired federal workers.

This is what that piddley federal pension plan adds up to.......:ack2:
 
Good luck with that Cat, you keep on drawing and then thanking your benefactors, we'll just make more.
 
vs GM's, who will probably go under.......

The costs of GM's retiree pension and health care programs;

It's difficult to get a precise figure on these so-called legacy costs, but they averaged about $7 billion per year between 1993 and 2007 and are probably at least $10 billion per year now.
 
Social security is nothing more than a poorly run ponzi scheme. It is underfunded because they keep robbing it for general fund revenue.

The new Cap and Trade taxes will make the Social Security taxes seem like chump change. But hey, we need to take care of all those who refuse to take care of themselves. (And Gore and friends):mad:
 
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