Democrat (1 Viewer)

[KenHigg]

.
.
.
.

Someone sent this to me and I found it very interesting. I am not a history major, nor do I claim to know a lot about our political system, but this peaked my interest. If someone knows anything about this, please let me know. By no means is this meant to offend anyone for their political beliefs.

Just in case some of you youngsters (& 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 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!!!

Our 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 some 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' -- 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?
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!

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.

DON'T FORGET - CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE TERM!!!

"A government big enough to give you everything you want, is strong enough to take everything you have" - Thomas Jefferson

 

[statsman]

At least in Canada you have to have served two terms before you qualify for an indexed, adjusted to inflation, tax free pension of about 80% of what you made as a Member of Parliament.
The only limitations are that you can't collect it until you're 65 and you can only receive it for a maximum of 25 years. If you should pass away, your spouse would receive it for the balance of the 25 years.
Unlike other federal pensions in Canada (Canada Pension Plan and Old Age Security), there is no reduction if you are living outside Canada while you receive it.
These guys really take care of themselves don't they.

Our Canada Pension Plan (equivilent of Social Security) contributions are kept separate, but the Government of Canada can "borrow" funds whenever they want. The Government pays CPP 1% interest per annum.

We still get a tax deduction for our contributions, but when you retire, if you have a company pension as well the CPP payments are reduced.

CPP benefits are taxable, but they always have been.

Like Social Security, CPP is going broke as the Baby Boomers retire.

 

[Cosmos75]

http://www.snopes.com/politics/taxes/sschanges.asp
http://www.ssa.gov/history/InternetMyths.html
http://www.ssa.gov/history/InternetMyths2.html

 

[Rabbie]

http://www.snopes.com/politics/taxes/sschanges.asp
http://www.ssa.gov/history/InternetMyths.html
http://www.ssa.gov/history/InternetMyths2.html

Thanks for a useful post which may help to clear up some misconceptions.

 

[Kinger43]

Either way they're taxing it on both ends. It's just not right.

 

[hooks]

Want to see something scary watch the following video called Freedom to Fascism. Not posting to offend anyone. This movie will scare the hell out of you if you live in the USA.

http://video.google.com/videoplay?docid=-1656880303867390173&q=freedom+fascism&total=1054&start=0&num=10&so=0&type=search&plindex=0