Not social security again.

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

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QUESTIONS
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.

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Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?
A: The Democratic Party.

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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.

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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 Social Security payments!

So what are you going to do about it?

Comments

[Frank Borger]

I retired on July 29th of this year.

As of today, I'm still trying to sort out my late SSI payments. One letter stated they should have payed me $xxxx.xx for August but didn't and as a result, owe me $0.00.

My latest letter dated the 24th of October stated they were sending me a check (I'd set up direct deposit) for my September payment, but were "still working on my account" and might want the money back.

The whole case started out SNAFU but has quickly morfed to FUBAR.

The main problem is that the people who programmed the system probably trained on etch-a-scetch. Even one agent was shaking her head at the computer letter stating that I owed them money when I had not received even one check.

[R. Davis]

Most of the above message is myth and misinformation. You can find the the five supposed promises made by Franklin Roosevelt debunked on the Social Security website at http://www.ssa.gov/history/InternetMyths.html and the five questions about Social Security debunked at http://www.ssa.gov/history/InternetMyths2.html. You can also find information about both of these topics at http://www.snopes.com/politics/taxes/sschanges.asp.

[R. Davis]

The links in the prior message are as follows:
http://www.ssa.gov/history/InternetMyths.html
http://www.ssa.gov/history/InternetMyths2.html
http://www.snopes.com/politics/taxes/sschanges.asp