Home > Corrupt Politician Files > The Truth About Social Security

The Truth About Social Security

Franklin Roosevelt, a Democrat, introduced Social Security (the FICA line on your pay stub & W2 form).  He promised:

1) That participation in SS would be completely volunary.

It is no longer voluntary

2) That participants would only have to pay 1% of the first $1,400 of their annual incomes into SS.

It is now nearly 8% on the first $109,000 of income

3) That the money participants elected to put into the SS program would be deductible from their income for tax purposes each year.

It is no longer tax deductible

4) That the money participants put into the so-called “Trust Fund”  would only be used for Social Security and not be co-mingled with the general fund or other govt programs.

Under President Johnson (a Democrat) the money was moved to the General Fund and spent.

5) That the annuity payments to retirees would NEVER BE TAXED as income.

Under Clinton & Gore, up to 85% of your SS can now be taxed

 

Some Questions & Answers:

Q:  Which Party took Social Security monies out of the Trust Fund and put these funds into the General Fund so that Congress could spend it?
A:  Democrat President Lyndon Johnson and the Democrat-controlled House & Senate.

Q: Which Party eliminated the income tax deduction fro SS (FICA) withholding?
A:  The Democrat Party.

Q: Which Party started taxing SS annuities?
A:  The Democrats, with Al Gore casting the “tie-breaking” vote as President of the Senate, while Vice President of The United States.

Q: Which Party decided to start giving SS payments to immigrants?
A:  Democrat President Jimmy Carter and the Democrats in Congress.  It was they who authorized immigrants to receive SS payments at age 65 even though they never paid one dime into the program.


NOTE:
  It is interesting that, after violating their promises about SS on multiple fronts, Democrats have the nerve to tell Americans that Republicans want to do bad things to The People.

FOUNDER QUOTE:  “A government big enough to give you everything you want, is strong enough to take everything you have.”  Thomas Jefferson

** This was gleaned from an email forward and validated by myself as fact.

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