A short test on Social Security

Here is a short test on your knowledge of the history of Social Security.  Let’s see how you do!

Q: Which Political Party took Social Security from the independent ‘Trust Fund’ and put it 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?

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 Social Security.

Then, after repeatedly 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! If enough people read 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.

Here is some additional interesting history on Social Security. Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:

1.) That participation in the Program would be Completely voluntary — It is 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, is 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 the money was moved to the General Fund and spent. (I still hear politicians talk about the “Social Security Trust Fund” in news interviews just like the trust fund still exists! What the trust fund is now is a box of IOUs from the general fund where the politicians have stolen the money from Social Security and left the IOUs. There is no possible way for the General fund to repay the debt to Social Security)

5.) That the annuity payments to the retirees would never be taxed as income. That changed under the Clinton Administration and now 85% of your Social Security can be taxed.

So how did you do on this test?  Are you really pissed off now? If you are pissed off now, just wait. The Obama Administration is looking at ways of taxing or outright seizing your 401K and IRA retirement plans to prop up the Social Security plan. Under the guise of making sure that all Americans have adequate and fair retirement coverage they want to take total control of your private retirement plans. If this isn’t redistribution of wealth I don’t know what is. The truth is, they have stolen the money from the Social Security system and now they want to steal your private retirement funds. If we allow this to happen we are dumber that I ever thought we could be as a country!

1 Comment so far

  1. lexus is on August 10th, 2010

    Great site! much appreciated.