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  • Obama vs. McCain on Fiscal Responsibility [View article]
    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 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 in to 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?

    AND MY FAVORITE:

    A: That's right!

    Jimmy Carter and the Democratic Party.

    Immigrants moved into this country, and at age 65,

    they began to receive Social Security payments! The

    Democratic Party gave these payments to them

    even though they never paid a dime into it!

    'A government big enough to give you everything you want,

    is strong enough to take everything you have.'

    -Thomas Jeff erson
    Aug 19 08:57 am |Rating: +1 0
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