Guess How Social Security Started?

October 26, 2008 at 11:42 am 13 comments


Subject: the origin of the Social Security number

Dark and best kept secrets about Our Social Security.

Here is a story I received today regarding the Social
Security Program
. I Hope you will read
this and think about it.   
_____________________________________________

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 p articipants 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 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 USA .

——————————————————————-

Q: Which Political Party decided to start giving
annuity payments to immigrants?

This is MY FAVORITE:

A: That’s right!  Jimmy Carter! And the Democratic Party of course!
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 doing all this lying and thieving and violating
of 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!

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13 Comments Add your own

  • 1. grumpajoesplace  |  October 30, 2008 at 11:16 pm

    Your post on Social Security should be printed in every Civics book used by teachers in this country. Our children should know why they will have to provide for themselves and to take care of their parents.

    Reply
  • 2. Joe Plumber  |  September 25, 2009 at 4:57 pm

    Right Wing twist the truth lies as usual.You will have to answer to God somday.

    Reply
    • 3. apalm20  |  October 9, 2011 at 11:19 am

      *someday

      Reply
  • 4. Joe Plumber  |  September 25, 2009 at 4:57 pm

    Right wing lies.

    Reply
  • 5. John  |  January 20, 2010 at 7:14 pm

    THE CORRECT ANSWERS TO THE FIVE QUESTIONS

    Q1. Which political party took Social Security from the independent trust fund and put it into the general fund so that Congress could spend it?

    A1: There has never been any change in the way the Social Security program is financed or the way that Social Security payroll taxes are used by the federal government. The Social Security Trust Fund was created in 1939 as part of the Amendments enacted in that year. From its inception, the Trust Fund has always worked the same way. The Social Security Trust Fund has never been “put into the general fund of the government.”

    Most likely this question comes from a confusion between the financing of the Social Security program and the way the Social Security Trust Fund is treated in federal budget accounting. Starting in 1969 (due to action by the Johnson Administration in 1968) the transactions to the Trust Fund were included in what is known as the “unified budget.” This means that every function of the federal government is included in a single budget. This is sometimes described by saying that the Social Security Trust Funds are “on-budget.” This budget treatment of the Social Security Trust Fund continued until 1990 when the Trust Funds were again taken “off-budget.” This means only that they are shown as a separate account in the federal budget. But whether the Trust Funds are “on-budget” or “off-budget” is primarily a question of accounting practices–it has no effect on the actual operations of the Trust Fund itself.

    Q2: Which political party eliminated the income tax deduction for Social Security (FICA) withholding?

    A2: There was never any provision of law making the Social Security taxes paid by employees deductible for income tax purposes. In fact, the 1935 law expressly forbid this idea, in Section 803 of Title VIII.

    (The text of Title VIII. can be found elsewhere on our website.)

    Q3. Which political party started taxing Social Security annuities?

    A3. The taxation of Social Security began in 1984 following passage of a set of Amendments in 1983, which were signed into law by President Reagan in April 1983. These amendments passed the Congress in 1983 on an overwhelmingly bi-partisan vote.

    The basic rule put in place was that up to 50% of Social Security benefits could be added to taxable income, if the taxpayer’s total income exceeded certain thresholds.

    The taxation of benefits was a proposal which came from the Greenspan Commission appointed by President Reagan and chaired by Alan Greenspan (who went on to later become the Chairman of the Federal Reserve).

    The full text of the Greenspan Commission report is available on our website.

    President’s Reagan’s signing statement for the 1983 Amendments can also be found on our website.

    A detailed explanation of the provisions of the 1983 law is also available on the website.

    Q4. Which political party increased the taxes on Social Security annuities?

    A4. In 1993, legislation was enacted which had the effect of increasing the tax put in place under the 1983 law. It raised from 50% to 85% the portion of Social Security benefits subject to taxation; but the increased percentage only applied to “higher income” beneficiaries. Beneficiaries of modest incomes might still be subject to the 50% rate, or to no taxation at all, depending on their overall taxable income.

    This change in the tax rate was one provision in a massive Omnibus Budget Reconciliation Act (OBRA) passed that year. The OBRA 1993 legislation was deadlocked in the Senate on a tie vote of 50-50 and Vice President Al Gore cast the deciding vote in favor of passage. President Clinton signed the bill into law on August 10, 1993.

    (You can find a brief historical summary of the development of taxation of Social Security benefits on the Social Security website.)

    Q5. Which political party decided to start giving annuity payments to immigrants?

    A5. Neither immigrants nor anyone else is able to collect Social Security benefits without someone paying Social Security payroll taxes into the system. The conditions under which Social Security benefits are payable, and to whom, can be found in the pamphlets available on our website.

    The question confuses the Supplemental Security Income (SSI) program with Social Security. SSI is a federal welfare program and no contributions, from immigrants or citizens or anyone else, is required for eligibility. Under certain conditions, immigrants can qualify for SSI benefits. The SSI program was an initiative of the Nixon Administration and was signed into law by President Nixon on October 30, 1972.

    An explanation of the basics of Social Security, and the distinction between Social Security and SSI, can be found on the Social Security website.

    Privacy Policy | Website Policies & Other Important Information | Site Map
    Last reviewed or modified Tuesday Sep 29, 2009

    Reply
    • 6. ngoldfarb  |  January 26, 2010 at 11:29 am

      All you have to do is visit your local Social Security Office.

      You will see it overcrowded by YOUNG immigrants holding their children, many of whom have no comprehension of the English langauge and whom are accompanied by translators (funded by which Party) to help them collect SSI, which you falsly claim as seperate but the money is included in the Social Security Budget.

      All Social Security Funds are “INVESTED” (another lie) in US Government bonds, the proceeds of which are promptly squandered in the overall budget on more welfare.

      Reply
    • 7. Scarlet  |  September 13, 2011 at 5:50 am

      John, Your post is over a year old…but it is exactly the information I was searching for. Thank you for correcting ngoldfarb, whether or not she wanted to be corrected. It truly is unfortunate that people would rather read and worse…believe lies filled with name calling and insults, than a fact filled informative post that just lists facts.
      Thank you again!

      Reply
  • 8. Paul  |  June 23, 2010 at 8:49 pm

    Typical right wingers. I have been in a social security office, not for SSI but to replace my card. I was actually the only one in the office. No YOUNG immigrants, no one needing translation ect. Actually as I was leaving a very sophisticated young black man walked in. He was wearing a suit. I’m not sure why he was there but he did appear to have a job.
    All I want is the truth. If you don’t know what the truth is or you think you know, try looking it up on your computer. I can usually find the answers I need in just a few minutes. It would be much better to do this than to spread the lies that only the far right wingers believe.
    Intelligence is a beautiful thing, the only problem is some are afraid to use it.

    Reply
    • 9. ngoldfarb  |  November 9, 2010 at 12:20 pm

      You must live in a different America. The well dressed young man was probably an employee of the Socialism office.
      And I am not a right winger, just someone who thinks things through logically, unfettered by phony philosophies

      Reply
  • 10. kyia  |  June 26, 2010 at 6:09 pm

    If you read the the above myth – history of social security, go to SNOPES.COM you will see that blog being sent around about “SOCIAL SECURITY THEN AND NOW – CAN YOU IMAGINE HEALTH CARE?” You need to read the truth about social security and not believe the above myths. See the facts:
    http://www.ssa.gov/history/InternetMyths.html http://www.ssa.gov/history/InternetMyths2.html

    Reply
    • 11. ngoldfarb  |  November 9, 2010 at 12:18 pm

      Naturally you believe everything the Socialist publish?

      Reply
      • 12. Twitchy  |  February 6, 2012 at 1:03 am

        While you appear to want to believe anything that supports your dogma, without thinking about it at all.

        As this entire post demonstrates.

  • 13. jom  |  March 28, 2011 at 7:26 am

    meow

    Reply

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