Being a US Citizen living outside the USA I get alot of interesting and sometimes StRAngE questions/comments on the USA from people in other countries. Thought I'd share some of them with you.

Sunday, April 13, 2008

Social (in)Security System

Just in case some of you young whippersnappers (& some older ones) didn't know this.

It's easy to check out, if you don't believe it.. Facts are Facts!!!

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Our Social Security system

President Franklin D. 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.



((Keep reading))



Since many Americans have paid into FICA for years and are Now receiving a Social Security check every month -- And then finding they are getting taxed on 85% of the money they paid to the Federal government to 'put away' -- you may be interested in the following:

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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 Democrat controlled Congress.

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Q: Which Political Party eliminated the income tax Deduction for Social Security (FICA) withholding?

A: The Democrat Party.

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Q: Which Political Party started taxing Social Security annuities?

A: The Democrat Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US .

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Q: Which Political Party decided to start giving Annuity payments to immigrants who had not contributed to the fund?

A: That's right! Jimmy Carter and the Democrat Party did.

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Then, after violating the original contract (FICA), the Democrats now turn around and tell you the Republicans want to take your Social Security away!

What a load of horse droppings!

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