We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
This little FICA review came in over the transom today, full of facts which the youths ought to be aware of:
Franklin Roosevelt 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:
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 U.S. -------------------
Q: Which Political Party decided to start giving annuity payments to immigrants?
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 doing all this lying and thieving and violation of the original contract, 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!
And I might add that none of the people controlling SS in our government are dependent on it in the least. Congressmen have a completely separate fully funded retirement system. There is no decrease in their pay level at retirement.
Gads, right to the quick with that post. Knew all this in the back of my mind but just one of those things you don't think about much. Nice to see it laid out in such a succinct manner. It's just about enough too piss a man off.
Couple that with the wholesale reneging vis-a-vis Military retirement benefits over the last forty years and it wouldn't bother me a bit too see the lot of'em hanging from the yardarm.
A travesty really. Likely all done in a similar manner as the immigration bill mess. Might be impractical at present, but I like someone's (habu) idea a while back of all bills being published on this here internet thingy at minimum thirty days before a vote on it. Participatory democracy, I'm for it.