T Nation

Social Security

Have you ever wondered about the advent of the Social Security program?

Franklin Delano Roosevelt ( a Democrat)introcuced the Social Security program (FICA). Along with this introduction, there were certain guarantees.

Participation in the program would be completely voluntary.

Participants would only have to pay 1% of the first $1400.00 of their annual income, into the program.

The money that participants elected to pay into the program would be deductible from their income, for tax purposes each year.

The money payed into the program would be placed into an independent “Trust Fund” rather than into the general operating fund, and therefore would only be used to fund Social Security, and no other government program.

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

VERY IMPORTANT, FDR promised that the I.D. number (Social Security number) would never be used as I.D. for any other government or private agency, or entity.

Since many people have paid into FICA for years, and are now receiving a Social Securtiy check, and they are finding that they are being taxed on 85% of the money they paid the federal government to “put away”, you may be interested in the following facts.

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. 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 Pary.

Q. Which political party started taxing Social Security annuities?

A. The Democratic pary, with Al Gore casting the tie-breaking, deciding vote as Prsident of the Senate, while he was Vice President of the United States.

Q. Which political party decided to start giving annuity payments to immigrants?

A. Jimmy Carter, and the Democratic Party. Immigrants moved into the US, and at age 65 began to receive SSI Social Security payments. The Democratic Party gave these payments to them, even though they had never paid one dime into the program!

After all of these violationg of the original contract (FICA), the Democrats scream and yell that the Republicans are going to take away your Social Security.

Sadly, many Senior Citizens, beleive these scare tactics, and even though they disagree with many liberal policies, they cast there vote for the Democratic candidate.