History of Social Security

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History of Social Security

Postby dougsears on Fri Feb 03, 2012 12:27 pm

Dick Kantenberger
Gifted Education Writer
Examiner.com
History Lesson on Your Social Security Card

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. Be sure and show it to your family
and friends. They need a little history lesson on what's what and it doesn't matter
whether you are Democrat or Republican. Facts are Facts.


Social Security Cards up until the 1980s expressly stated the number and
card were not to be used for identification purposes. Since nearly everyone in the
United States now has a number, it became convenient to use it anyway and the
message, NOT FOR IDENTIFICATION, was removed.

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 (He reasoned there was so much money
in the SS fund it would never be needed).

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.
dougsears
 
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Re: History of Social Security

Postby atlantis on Fri Feb 03, 2012 2:12 pm

Why don't you check things out before you post them? http://www.ssa.gov/history/InternetMyths.html
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Re: History of Social Security

Postby dougsears on Fri Feb 03, 2012 2:31 pm

Atlantis:

I have faith that posters like you will complete the picture, if need be.

Doug
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Re: History of Social Security

Postby atlantis on Fri Feb 03, 2012 2:37 pm

How about posting the truth instead of inflammatory BS? try it.
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Re: History of Social Security

Postby bobr on Fri Feb 03, 2012 2:44 pm

Hello Doug and other TI readers:

I went to examiner.com to check this out.
I suggest others do the same.

1. The "history lesson" posted by Doug Sears is part of a much longer article by Dick Kantenberger.
2. Mr. Kantenberger categorically denies writing the "history lesson."
3. Mr Kantenberger posts correct answers to the questions raised in the "history lesson".

Bob Rauseo
Professor Plum in the library with the candlestick

I have copied Mr Sears original post here:



dougsears wrote:Dick Kantenberger
Gifted Education Writer
Examiner.com
History Lesson on Your Social Security Card

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. Be sure and show it to your family
and friends. They need a little history lesson on what's what and it doesn't matter
whether you are Democrat or Republican. Facts are Facts.


Social Security Cards up until the 1980s expressly stated the number and
card were not to be used for identification purposes. Since nearly everyone in the
United States now has a number, it became convenient to use it anyway and the
message, NOT FOR IDENTIFICATION, was removed.

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 (He reasoned there was so much money
in the SS fund it would never be needed).

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.
bobr
 
Posts: 334
Joined: Sun Apr 23, 2006 1:01 am

The Village

Postby bferrari on Fri Feb 03, 2012 2:59 pm

Here's a true story, with some facts, right from the horses mouth... mine.

My parents came off the boat from Italy back in the late 50s. Back then, you needed to have someone who would "sponsor" you. That person would vouch for you that you would get a job or ( jobs(s) (back then) ). Imagine what that would be called now, "slavery".

There was no welfare then, if there was, it certainly wasn't given out like candy as now. Everyone who came off the boats, moved into crappy tenement apartments, most of the time with coldwater only. Imagine that happening now, "a crime against humanity".

Between the two of them they held three to four jobs at the same time. When I was born couple of years later in the mid sixties, my mum still kept one of her other "paying" jobs at the chocolate factory... yes just like Lucy only it wasn't as funny.


No handouts, no crying poor mouth, and through all this they learned English too. Can you imagine what that would be called now? "Nationalism".

I stand before all of you on this very website, a product of hard hard work and determination. No handouts here, instead we don't vacation every year, we don't eat out every day, we don't buy fancy cars or big homes in a culdesac. Yet we survived.


After all these years and especially after this latest president with his welfare attitude and freely open border, I see with my own eyes the MAJOR difference between the two major parties and can be summed up in one sentence that I will borrow with a slight change, from Secretary of State Hillary Clinton:



Democrats: "It Takes a Village."

Republicans: "It Takes a WHOLE Village."


My god have the times changes.
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Re: History of Social Security

Postby atlantis on Fri Feb 03, 2012 3:03 pm

Did your parents collect social security?
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The Village

Postby bferrari on Fri Feb 03, 2012 3:21 pm

My dad finally retired due to an illness at age 78 just last year and is now, after having payed into Social Security for over 50 years. I don't know if my mum is also separately or together with my dad receiving SS but she has paid into the system for just under 50 years, having arrived in the US couple of years later than my dad.

I guarantee that mine isn't the only story of it's kind, only to be repeated millions more times by children of most of the "legal" immigrants that came through Ellis Island. For those parents who are still around, they are all nodding their heads in disbelief of what is going on now.

I personally am tired of people coming into this country demanding instant Social Security and having paid nothing into it, try doing that in Italy or anywhere in Europe, all whilst some people in our government are all to willing to hand it out like candy. What ever happened to earning it....
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Re: History of Social Security

Postby atlantis on Fri Feb 03, 2012 3:26 pm

how about medicare? how about public schools, colleges, student loans ? my point being, you had a lot more help than you are willing to admit.
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Re: History of Social Security

Postby bferrari on Fri Feb 03, 2012 3:33 pm

Student loans ARE LOANS, they are NOT GRANTS. That money is supposed to be PAID BACK. Besides I paid my own way through college with help from my parents and working.

They also paid for Public Schools with their own tax money, and I went to public school for three years out of 12. Be smart and buy a two family house like my parents did. My Dad and Mum paid taxes on their earnings from all of their jobs, just like everyone else did back then... and paid real estate tax. The government didn't "give" them anything and they are taxed even now on whatever monies he/she gets from Social Security.

You make it sound like the government handed all this stuff to them. Boy you are way off base. People these days just aren't used to hearing about how other people worked their whole lives away at menial jobs or managing a restaurant and a cookie store simultaneously.
You are trying to make a point that does not exist.
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Re: History of Social Security

Postby atlantis on Fri Feb 03, 2012 3:45 pm

I'm not saying anything was handed to anyone, I'm just saying there are a lot of social programs that support our citizens, and most people don't realize that they are receipients of them.
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Re: History of Social Security

Postby bferrari on Fri Feb 03, 2012 4:08 pm

I can only speak for my parents. If my parents were recipients of any of those programs, they have paid into them for 50 years and more.
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Re: History of Social Security

Postby bobr on Fri Feb 03, 2012 4:47 pm

Hello:

Here is some more from Mr. Kantenberger's article:

QUOTE:
Just to clear the matter up, here are the comments from the tax attorney:

1. FDR never promised that SS would be voluntary. Every worker was included with some exceptions, such as state and local employees, domestics, and employees of tax-exempt organizations.

2. The initial tax (lasting for the first 13 years) was 1% of the first $3,000 of wages (paid by both EE and ER). FDR never guaranteed that the tax or the wage base would never go up. Obviously both have because they proved so inadequate to pay benefits. The SS tax now is 6.2% (the balance of the 7.65% is Medicare and Disability Income) on the first $106,800, which adjusts annually for COLAs.

3. The SS taxes paid by employees never was deductible. The tax paid by employers always has been deductible.

4. The SS taxes always have been designated for the SS Trust Fund. But the funds always could be borrowed by the Fed government, which deposited promissory notes for the loans. I'll forward you an interesting oped today about the right of the Fed govt to spend that money. But the money never has been "transferred" from the SS Trust Fund to the "General Fund." It just has been borrowed and spent, with IOUs.

5. FDR never promised that forever the SS benefits never would be taxed. They weren't taxed until reforms beginning the early 1980s, when the benefit structure threatened to collapse. These reforms were proposed by the Alan Greenspan Commission--a Republican--and while approved by a Democratic Congress (I think), Reagan signed on. Today, most beneficiaries continue to receive the payments tax-free. But a lot of us pay a tax on up to 85% of our benefits. The 85% figure assumes that the value of what we receive is partly attributed to our own contributions but mainly to employer contributions plus the increases in value compared to what we actually put it.

6. No "Political Party" took SS from the SS Trust Fund and put it in the general fund, because this never has been done.

7. No SS payments are "given" to immigrants. They must earn them through tax payments, like all of us. Your pal is probably confusing some welfare benefits.

Hope this helps.

END QUOTE

Bob Rauseo
Great grandchild of Italian immigrants
Socialists then, socialists now
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Re: History of Social Security

Postby patriot on Sat Feb 04, 2012 8:26 am

The largest group of voters in this country are those benefiting from SS, the older people. AARP donates more money to political entities more than any other group in the country. Congress will always defer to the group who threatens or aides their existence. By the way, whites receive the largest potion of any kind of welfare benefits in the country. Some people need to do more than look around their neighborhood and see the country as a whole. There is a great deal of white poverty.
Good old Republican icon Reagan gave amnesty to illegal immigrants some thirty years ago, oh wait many of those people may be old enough to draw SS checks, guess the system makes sense when you google the truth.

Hey vote for Romney, he made it very clear he does not care about the poor.
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Re: History of Social Security

Postby Baxter on Sat Feb 04, 2012 8:43 am

We know the Democrats love the poor because they are always creating more of them. (us)?
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