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Author Topic: Social Security  (Read 1745 times)
iddee
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« on: July 21, 2011, 12:55:19 PM »

Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:

1.) That participation in the Program would be
Completely voluntary,

No longer Voluntary


2.) That the participants would only have to pay
1% of the first $1,400 of their annual
Incomes into the Program,

Now 7.65%
on the first $90,000


 
3.) That the money the participants elected to put
into the Program would be deductible from
their income for tax purposes each year,

No longer tax deductible


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,

Under Johnson the money was moved to
The General Fund and Spent


5.) That the annuity payments to the retirees would never be taxed
as income.

Under Clinton & Gore
Up to 85% of your Social Security can be Taxed

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  US

------------ --------- --------- --------- --------- --------- --------- -

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!

------------ -- ------------ --------- ----- ------------ --------- ---------

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.
But it's worth a try.
How many people can YOU send this to?
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BlueBee
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« Reply #1 on: July 21, 2011, 01:17:05 PM »

I’m going to have to agree with you on this one iddee.  Those of us post baby boomers really got screwed on this deal.  We’ll never see a dime from this bankrupt ponzi scheme.

I wonder what our fiscal situation would be like if we had a true Democracy instead of a representative democracy.  With the advent of the internet, a true democracy would be viable in this day and age.  If THE PEOPLE got to vote on what OUR money is spent on and to whom OUR money is given to, I think things would be much different.  This representative system is really starting to fail, because all the politicians do what THEY want to with our money, NOT what WE want done with it. 
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AllenF
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« Reply #2 on: July 21, 2011, 04:16:58 PM »

Good post there Iddee.
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AllenF
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« Reply #3 on: July 21, 2011, 04:19:19 PM »

I have to pay (deposit) all the taxes for my little company and most of the time, SS and Med together are larger than the federal income taxes withholdings  we deposit for the employees.
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kathyp
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« Reply #4 on: July 21, 2011, 07:01:44 PM »

Quote
I wonder what our fiscal situation would be like if we had a true Democracy instead of a representative democracy.

with only 47% of the population paying federal taxes and large part of the population happily uninformed about pretty much everything....i don't think a "true democracy" would work to well for those of us who own anything, work for anything, or intend to do either in the future.  true democracy is the fast road to destruction.
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville
bulldog
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« Reply #5 on: July 21, 2011, 09:30:11 PM »

the one down side to a true democracy is that majority rules, just in case nobody noticed, there are A LOT of really stupid people out there.
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Grandpa Jim
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« Reply #6 on: July 25, 2011, 11:28:30 PM »

Hey Allen, the other Great thing is as the employer I must match those SS and Med deductions (SS I have to more than match now).  Then at the end of the year, if and when I make a profit, I must pay double SS and Med on that money (I guess because I am my own employer and employee).....Ahhhhh.. the benifits of being self employed!!
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kingbee
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« Reply #7 on: August 12, 2011, 05:14:44 PM »

Q: Which Political Party took Social Security from the
independent 'Trust Fund'
------------ --------- --------- --------- --------- --------- --------- --
Q: Which Political Party eliminated the income tax
deduction for Social Security (FICA) withholding?
------------ --------- --------- --------- --------- --------- --------- -----
Q: Which Political Party started taxing Social
Security annuities?
----------- --------- --------- --------- --------- --------- --------- -
Q: Which Political Party decided to start
giving annuity payments to immigrants?
------------ -- ------------ --------- ----- ------------ --------- ---------
Then, after violating the original contract (FICA),
the Democrats turn around and tell you that the Republicans want
to take your Social Security away!

Iddee,  Here is a question that you may wish to ask in the future.  It is, "where did this insanity originate?"

Here is your answer, and right from the donkey’s mouth too.

Edward Mandell House, aka ‘Colonel’ House in 1913 persuaded US President Thomas Woodrow Wilson to create the Federal Reserve, three years later he convinced Wilson to impose an income tax, and House also floated the idea of a “Social Insurance” scheme, today known as Social Security. Besides that, House likely played a large role in dragging the USA into WWI to help his banker friends insure the Billions in loans their US banks made to Great Brittan and that British banks then re-loaned to France , Russia , and Italy. Below find House’s 1913 memo to President Wilson.  The words in italics are my own.  All other words are Woodrow Wilson’s main political advisor, the afore named Ed M. House.   

"Very soon, every American will be required to register their biological property [themselves] in a National system designed to keep track of the people and that will operate under the ancient system of pledging.

By such methodology, we can compel people to submit to our agenda, which will affect our security as a charge-back for our fiat paper currency. Every American will be forced to register, or suffer not being able to work and earn a living. They will be our chattel, and we will hold the security interest over them forever, by operation of the law merchant, under the scheme of secured transactions.

Americans, by unknowingly, or unwittingly delivering the bills of lading [our future prosperity or accounts receivables] to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be "non the wiser", for not one man in a million could ever figure out our plans and, if by accident one or two would figure it out, we have in our arsenal "plausible deniability."

After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor to this fraud which we will call "Social Insurance."

Without realizing it, every American will insure us for any loss we may incur and in this manner; every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America ."

Boys and girls, any of the above ring any bells for you?
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kathyp
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« Reply #8 on: August 12, 2011, 10:50:23 PM »

doubt wilson needed a heck of a lot of encouragement to follow his ideas.  wilson was a  pretty despicable, bigoted, piece of work.  it is a good study on the impact of council (good or bad).  one we are seeing again......
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville
kingbee
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« Reply #9 on: August 15, 2011, 12:35:13 AM »

...[A]other Great thing is as the employer I must match those SS

and Med[icare] deductions... Then at the end of the year, if... I make a profit, I must pay double SS and Med on that money...

Just so they can better sock it to you evil rich people,  rolleyes if you are not also an equally evil rich corporation, then you as an individual employer must also pay income tax, and SS-Medicare tax on every penney that you take out of you business and spend on your famlie's health insurance.  Meanwhile your employees get a free ride on the income tax health insurance premiums bandwagon.  

Entering Charles Dickens' Oliver Twist mode:  rolleyes "Oh goody goody, Daddy Reed and Mommy Peloci, may I have some more taxes please!!!"    angry angry
« Last Edit: August 15, 2011, 12:47:53 AM by kingbee » Logged
BlueBee
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« Reply #10 on: August 15, 2011, 02:36:48 AM »

So if the Democrats are at the root of all social security problems, what is the Republican solution?  Let’s hear some solutions, not just bashing the other side.

Quote
True democracy is the fast road to destruction
Kathy were you asleep at the wheel when you typed that?  I’m still chuckling over that quote.  I will give you a pass if you were asleep.  We base our whole crazy system on “democracy” and now you’re saying that is bad?  What is good?  Communism?  They seem to be eating everybody’s lunch at the moment.
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hankdog1
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« Reply #11 on: August 15, 2011, 04:35:12 PM »

Bluebee we don't live in a democracy or weren't suppost to.  Our founding fathers set forth a republic for this country.  Democracy in the truest sence of the word doesn't work.  As for a solution to social security just put an end to it pay out what if any is left to the people already on it and say the heck with it.  You may find out that eventually you go back to the way things used to be where family took care of mom and dad.  Instead of the whole collective US citizens.  One of two things would happen eigther nursing homes would be overfilled with applicants or people will start taking responsibility.  The sad thing is this ain't comming from a republican so I'm sure I'll get some back lash on this from that side too.  Just don't see the point in making people pay for something that is less then a pipe dream come retirement time.
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kathyp
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« Reply #12 on: August 15, 2011, 04:50:27 PM »

Quote
Kathy were you asleep at the wheel when you typed that?  I’m still chuckling over that quote.  I will give you a pass if you were asleep.  We base our whole crazy system on “democracy” and now you’re saying that is bad?  What is good?  Communism?  They seem to be eating everybody’s lunch at the moment. 
 
 


nope i was awake, but asleep when you asked the question.  fortunately, hankdog1 gave you the a answer.

interesting conversation on here earlier with a muslim man from Algeria (i think).  he was afraid that the "arab spring" would bring democracy.  he knew that would be a disaster.  democracy is mob rule.  mobs rarely make good decisions.
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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville
oliver
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« Reply #13 on: August 16, 2011, 08:46:58 AM »

A multitude of people are drawing ss, that are young paid in very little, that are suffering from self induced ailments..example , young man , cocaine  od, ss disability, had never held a full time job, so paid in very little, but will be drawing till death does him part.. Don't know the answer to this kind of problem, just tired of hearing  about greedy blue hairs, that paid into the system their entire life with no choice, breaking the fund.. dl
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kathyp
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« Reply #14 on: August 16, 2011, 11:04:57 AM »

oliver, you are right.  many, many, people drawing who never contributed.  also many drawing off what one contributed.  it is not sustainable.  i am not into the "greedy blue hair" part, but the entire system was a mistake when it started and has only gotten worse. 

and there is an element of entitlement in the senior population.  it's not surprising and will get worse.  remember, we now have the "peace garden" population retiring.  the generation of the Victory Garden is pretty much gone.  those coming along now never learned sacrifice.  they only learned greed.

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.....The greatest changes occur in their country without their cooperation. They are not even aware of precisely what has taken place. They suspect it; they have heard of the event by chance. More than that, they are unconcerned with the fortunes of their village, the safety of their streets, the fate of their church and its vestry. They think that such things have nothing to do with them, that they belong to a powerful stranger called “the government.” They enjoy these goods as tenants, without a sense of ownership, and never give a thought to how they might be improved.....

 Alexis de Tocqueville
John Pfaff
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« Reply #15 on: August 16, 2011, 04:48:52 PM »

I paid in and my employeers paid in for 47 years, then the government took it. I would gladly take my money back without interest today.
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kingbee
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« Reply #16 on: August 28, 2011, 05:46:31 PM »

... we don't live in a democracy ...Our founding fathers set forth a republic for this country.  Democracy in the truest sence of the word doesn't work...

Is this democracy stuff anything like Hewey P Long the "Kingfish" and his Fascist Socialist promise "Every man a king"?

If it is then the closest thing to a true "Democracy" in existence today is the one currently ruling Libya.  Where he who has the most weapons and is the most ruthless in using them is king.
 
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hankdog1
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« Reply #17 on: August 29, 2011, 02:47:13 AM »

... we don't live in a democracy ...Our founding fathers set forth a republic for this country.  Democracy in the truest sence of the word doesn't work...

Is this democracy stuff anything like Hewey P Long the "Kingfish" and his Fascist Socialist promise "Every man a king"?

If it is then the closest thing to a true "Democracy" in existence today is the one currently ruling Libya.  Where he who has the most weapons and is the most ruthless in using them is king.
 

It's more like Kathyp's explaination mob rule.  Over the years our country has taken away powers given by the founding fathers.  Imagine a time when states not the people elected senitors.  Before you get all mad about this think about stuff states have been forced to do by the federal government.  At least when the states had senitors somewhat ansewering to them they could have a say in the running of the federal government or they would have to find a different line of work.  What the people want and what they need in most cases are too different things.  Social security is a good example of that oooh we all want to draw it we all paid into it but you have politicians that have dipped into it disabled people that never paid into it and don't have anything wrong with them other then a hatered of work drawing it.  The closer we get to a true democracy the more and more freedoms and power we give to those in office.  Tell the people what they want to hear right or wrong and your in office.   
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