History Lesson of Social Security
 

A History Lesson on Your Social Security Card
1934 - 1980


With the elections just a little under 3 months away you'll soon be hearing some Democrats running for political office, warning how the Republicans want to take away the old people's Social Security.

Just in case some of you young whippersnappers (& some older ones) didn't know this it's easy to check out, if you don't believe it. Be sure and show it to your family and friends. They need a little history lesson on what's what and it doesn't matter whether you are Democrat or Republican.
Facts are Facts:
Social Security Cards, issued in 1934, and up until the 1980s expressly stated the number and that card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the message, NOT FOR IDENTIFICATION, was removed.


When Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:

1.) That participation in the Program would be completely voluntary,

No longer Voluntary


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

Now 7.65% on the first $90,000


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

No longer tax deductible


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.
Under Johnson, another Democrat, the money was moved to The General Fund and Spent


5.) That the annuity payments to the retirees would never be taxed as income.

Under Clinton & Gore, Democrats, Up to 85% of your Social Security can be Taxed

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' for us -- 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 US

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, 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!

Re: History Lesson of Social Security
 

Information is dangerous. Be careful. You could start a revolution (or an argument).

Re: History Lesson of Social Security
 

And so why did Nixon, Ford, Reagan, Bush, Bush not reverese it? You have had far more Republican presidents and power on their side in TWH and Congress than the Dems.
Tit for tat.
Each side plays ping pong. If one side made a problem, if the problem benefits the other side, well, leave it alone.
Hispanics vote Republican. They did so for Reagan, Bush.

Re: History Lesson of Social Security
 

Because the Supreme Court would never allow it. Nothing Congress has done since the turn of the 20th century has been struck down by the Supreme Court.

You have to understand the whole thing was not entered into the system legally to begin with. What makes you think the academics in Washington would undo it?

Re: History Lesson of Social Security
 

Way to many hands in the free cookie jar!! On both sides.

Re: History Lesson of Social Security
 

Yet Conservatives demand less hands, and the Liberals scream for more hands.

Re: History Lesson of Social Security
 

It's simple really. Those who WANT MORE Government and those who want less.

I come down on the side of the Constitution, whereas the other side is happy to alter it as needed to suit an agenda.

And yes people. It truly is that simple.