The post below was sent to me in an e-mail. Thought I'd post it here for discussion, rebuttal, or any verification that could be had. I had the feeling that it would be worth looking at and discussing, fully true or not. Let me know of your feelings about this being true, alterted, or completely fictional.
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[/align]Just in case some of you 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!!! OurSocial Security
Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. Hepromised:
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 retireeswould never be taxed as income. Since many of us have paid into FICA for years and are
now receiving aSocial Securitycheck 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:
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Q: Which political party tookSocial Securityfrom the
Independent 'Trust Fund' and put it into the
General Fund so that Congress could spend it?
A: It wasLyndon Johnsonand the democratically-
controlled House and Senate.
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Q: Which political party eliminated the income tax
deduction for Social Security (FICA) withholding?
A: The Democratic Party.
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Q: Which political party started taxingSocial
Securityannuities?
A: The Democratic Party, withAl Gorecasting the
'tie -breaking' deciding vote as President of the
Senate, while he was Vice President of the U.S.
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Q: Which political party decided to start giving
annuity payments to immigrants?
AND MY FAVORITE:
A: That's right!
[blockquote]
[/align][/align] Jimmy Carterand 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!
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Then, afterviolating the original contract (FICA),
[/align][/align] the Democrats turn around and tell you that the
[/align][/align] Republicans want to take yourSocial Securityaway!
And the worst part about it is, uninformed citizens believe it!
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[/align][/align][/align][/align][/align][/align][/align] 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.
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AND CONGRESS GIVES THEMSELVES 100% RETIREMENT
[/align][/align] FOR ONLY SERVING ONE TERM!!!
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A government big enough to give you everything you want,
[/align][/align] is strong enough to take everything you have.
-Thomas Jefferson
Here try this link. A lot of what was sent to you is true. However some of it is false. More pointedly, SS was always set up as just another tax. The only place the money could ever go was into the general fund and converted into government IOUs.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
These [Trust Fund] balances are available to finance future benefit payments and other Trust Fund expenditures "“ but only in a bookkeeping sense.... They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures. The existence of large Trust Fund balances, therefore, does not, by itself, have any impact on the Government"™s ability to pay benefits. (from FY 2000 Budget, Analytical Perspectives, p. 337)
Ask Walter Williams who was president in 1983when social security taxes were raised.
Fieldmouse, thanks for the links .. I just read them cursorily, but will read with more accuracy soon ...
I'm very interested in this as I have a freind who is (and has been for a few years) really into talking about how we should all be able to beat the government as far as paying taxes, etc.
I like to engage him in discussion, but about this Social Security info he sent me I'm a bit in the dark.
These [Trust Fund] balances are available to finance future benefit payments and other Trust Fund expenditures "“ but only in a bookkeeping sense.... They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures. The existence of large Trust Fund balances, therefore, does not, by itself, have any impact on the Government"™s ability to pay benefits. (from FY 2000 Budget, Analytical Perspectives, p. 337)
Ask Walter Williams who was president in 1983when social security taxes were raised.
Irrelavent information. However, remember when that stuff was passed, it was going to fix SS. Did it work?
That's why SS need to be privatised for those in their 30's and younger. Lets end this slush fund for our politicans!!!!!
__________________
John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Hogwash!!! without our Social Security program, the Old and elderly, and up and comming old and elderly are doomed. The plan was the right and needed program when passed and is today. Because of dipping in the fund, and not changing a few things along they way, does not make it bad policy. Only a Republican would tamper with SSI.
Once again I've asked you this question over and over about a dozen of times. You even once mentioned there were several investments that could be made with money stolen from everyone's paycheck in the name of SS but when asked offered absolutly none.
So:
What exactly is the government suppose to do with the money stolen out of the tax payer's paycheck in the name of SS?
What are the so called "good" investments they could do with the stolen SS money?
__________________
John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
the first good investment is not to steal it for so called War.
FYI, national security is in our constitution welfarre provider isn't. Furthermore, This war has set many records. One of which is how low cost it was when compared to our GDP.
So why do you avoid this question? You made the statment back it up!
Quote:
So:
What exactly is the government suppose to do with the money stolen out of the tax payer's paycheck in the name of SS?
What are the so called "good" investments they could do with the stolen SS money?
Fact is only a Dems would continue to enslave the black race. The black male is the one group of folks hurt most by SS. They tend to die before they are able to see a dime of their money or very little. Only a Dems would be happy with a 1% return average on anyone's money. Only a Dem feels the government knows better on how to spend someones money.
A conservative would want people to do better with their money. A conservative would want to take the stolen money away from a politician and put it in thecontrol of the rightful owner, the person who earned it.
NOW, ANSWER MY QUESTIONS. YOU MADE THE CLAIMS NOW IT'S TIME TO BACK THEM UP!
__________________
John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
FM, you can spin your wheels and gripe about social security until the cows come home: It will not change a damn thing. Social security was a good idea as originally conceived. Then the political pukes started messing it up.
Taxes will have to be raised when the social security surplus ends.
Social Security. Is this all true?
