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Thread: Social Security

  1. #1
    For a Level Playing Field RedFanAlways1966's Avatar
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    Social Security

    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 people have paid into FICA for years and some are now receiving a Social Security check every month -- and then finding that they 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 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 U.S.
    Q: Which Political Party decided to start giving annuity payments to
    immigrants?
    A: Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive SSI Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it.

    The original contract (FICA)?
    Small market fan... always hoping, but never expecting.

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  3. #2
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    Re: Social Security

    Over and above the political party named, why are you surprised that the government would do something that is it's own interest rather than the interest of the general public that elected them?

    OK. You can call me an old, cynical SOB now. :

    Rem

  4. #3
    Please come again pedro's Avatar
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    Re: Social Security

    What exactly is your point?

    BTW- Did you know that Ted Kennedy was a Democrat?

    I thought you might be interested in knowing that.
    Get your nunchucks and the keys to your dad's car. I know where we can get a gun

  5. #4
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    Re: Social Security

    Quote Originally Posted by remdog
    Over and above the political party named, why are you surprised that the government would do something that is it's own interest rather than the interest of the general public that elected them?

    OK. You can call me an old, cynical SOB now. :

    Rem
    I've had second thoughts----just call me cynical.

    Rem

  6. #5
    Where's my chair? REDREAD's Avatar
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    Re: Social Security

    Quote Originally Posted by remdog
    I've had second thoughts----just call me cynical.

    Rem
    Darn it, for a second there, I thought I had your permission to call you a SOB
    Thank you Walt and Bob for going for it in 2010-2014!

    Nov. 13, 2007: One of the greatest days in Reds history: John Allen gets the boot!

  7. #6
    Member PickOff's Avatar
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    Re: Social Security

    Quote Originally Posted by RedFanAlways1966
    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 people have paid into FICA for years and some are now receiving a Social Security check every month -- and then finding that they 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 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 U.S.
    Q: Which Political Party decided to start giving annuity payments to
    immigrants?
    A: Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive SSI Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it.

    The original contract (FICA)?
    Where did you aquire this information, 1966. If you have an internet source, please provide the link. Thank you.

  8. #7
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    Re: Social Security

    Quote Originally Posted by REDREAD
    Darn it, for a second there, I thought I had your permission to call you a SOB
    Oh you can call me an SOB, just don't call me old. :

    Rem

  9. #8
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    Re: Social Security

    Rem, you are an old SOB. There I did it, whatch going to do about it huh?

  10. #9
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    Re: Social Security

    Quote Originally Posted by Johnny Vander m
    Rem, you are an old SOB. There I did it, whatch going to do about it huh?
    I'm gonna' put you down as my next-of-kin so that when I finally kick you'll be responsible for the funeral expenses.

    Rem

  11. #10
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    Re: Social Security

    Oh we will take care of the funeral all right, will have Zombi go go read the whatever you call it. Hey, don't I get neg points for this from you?

  12. #11
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    Re: Social Security

    No neg points but I'm not buying you a beer at the party either. I'm part Irish and you know how the Irish do funerals/wakes right?

    Rem

  13. #12
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    Re: Social Security

    Quote Originally Posted by Johnny Vander m
    Oh we will take care of the funeral all right, will have Zombi go go read the whatever you call it. Hey, don't I get neg points for this from you?
    If Zombie has to read the eulogy he'll probably ban me from dieing.

    Rem

  14. #13
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    Re: Social Security

    Rem, that was funny, first laugh I have from Redzone in a while. No I would not do that to you my friend. We won't even let him be there because he may want to be a PB, and then drop the coffin.

  15. #14
    CELEBRATION TIME RBA's Avatar
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    Re: Social Security

    Rem, I wouldn't call you old. But can you tell us the story again on how you charged up San Juan Hill with Teddy Roosevelt?

  16. #15
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    Re: Social Security

    RBA, Rem is so old he remembers when the Dead Sea was just sick. He also remembers when the Mayo Clinic was just a jar. He knew Mosses very well and helped him cary the stones down.


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