Just in case some of you young whippersnappers (and 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.
Our Social Security
Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:
1.) That participation in the Program would be
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 Secu rity
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 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,
began to receive Social Security payments! The
Democratic Party gave these payments to them,
even though they never paid a dime into it!