A History Lesson on Social Security

Our Social Security

Franklin Delano Roosevelt - 32nd President (D) -Term of Office March 4, 1933, to April 12, 1945, introduced 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 Federalgovernment to 'Put Away' -- you may be interested in the following):

 

During Dwight D. Eisenhower's term (34th President - Republican - January 20, 1953 to January 20, 1961), in 1958, the first year that a democratically-controlled Congress (not President Eisenhower) voted to remove funds from Social Security and put it into the General Fund for Congress to spend.

Congress' logic at that time was that there was so much money in Social Security Fund that it would never run out / be used up for the purpose it was intended / set aside for.
 
 
 

It was during Lyndon B. Johnson's term (36th President - Democrat,Term of Office: November 22,1963 to January 20, 1969) that the funds were taken from Independent 'Trust Fund' and put it into the General Fund so that Congress could spend it.
 
The Democratic party also eliminated the income tax Deduction for Social Security (FICA) withholding?
 
 
 
 
 
 
 
 
 
 
 
 
 

During the Clinton reign, (42nd. President -

Democrat - Term of Office: January 20, 1993 to January 20, 2001), the Democratic Party, with Albert Arnold Gore, Jr. (Al Gore) [Vice President Term of Office: January 10, 1993 to January 20, 2001] casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US, started taxing Social Security Annuities.
 
Here's the kicker!
 
 
 

James Earl Carter, JR. (Jimmy Carter) (39th President - Democrat, Term of Office: January 20, 1977 To January 20, 1981) and the Democratic Party started giving Annuity payments to immigrants.

Imigrants moved into this Country, and at age 65, began to receive Social Security payments even though they never paid a dime into it!

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

To sum it up, here's a quote from our 3rd President, Thomas Jefferson (Democrat - Term of Office: January 20, 1777 to January 20, 1781):

"A government big enough to give you everything you want, is strong enough to take everything you have".