It was brought to my attention that some of the folks in Appalachia are tangled up in relief programs: EBT, WIC, SS Disability, and Unemployment benefits. It's hard to be free while on the dole.
Immigrants moving into this country at age 65 begin to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it. With the recent flood of immigrants, mostly illegal, the Democrats are buying votes.
There are several programs started by the
Federal Government decades ago that had good intentions. "Good
intentions" cannot fix the potholes in the roads but they certainly can
pave the way to Hell. In following posts I will discuss other help programs that started out good but soon turned sour.
The theme will be Don't bite the hand that feeds you.
Much trouble has issued from this program. The trouble started with Democrats decades ago and it has been perpetuated by both parties. My theory concerning the political parties is that you could move them over from one side of the aisle to the other and the result would be the same.
Social Security has many problems today, starting with - the fund is running out of money.
The theme will be Don't bite the hand that feeds you.
Much trouble has issued from this program. The trouble started with Democrats decades ago and it has been perpetuated by both parties. My theory concerning the political parties is that you could move them over from one side of the aisle to the other and the result would be the same.
Social Security has many problems today, starting with - the fund is running out of money.
How can this happen?
The short answer is: the greed of politicians and the efforts by Socialists, or Commies, or as they are known today - Democrats - to gain and hold control of this country and its citizens.
Blow wise to this: all politicians are only in it for themselves. A sort of universal survival instinct manifested regardless of what colors they wear on the field.
The money that you pay through taxes is not the same money that you
will receive when you collect benefits. Instead, it's primarily a pay-as-you-go
system where the money you and your employer contribute now is used to fund
payments to people who currently receive benefits, including people who
have retired or disabled, survivors of workers who have died, and dependents
and beneficiaries.The short answer is: the greed of politicians and the efforts by Socialists, or Commies, or as they are known today - Democrats - to gain and hold control of this country and its citizens.
Blow wise to this: all politicians are only in it for themselves. A sort of universal survival instinct manifested regardless of what colors they wear on the field.
Americans are having fewer children and living longer, both of
which contribute to an aging population. Baby boomers (those born between 1946
and 1964) are retiring at a record pace: 14% of the population is age 65 and
over, and by 2080, it will be 23%. At the same time, the working-age population
is getting smaller, from about 60% today to 54% in 2080. These trends result in
declining worker-to-beneficiary ratios: as we move forward, there will be fewer
people putting money into the Social Security system and more people taking
money out. Because of these factors, it has been estimated that all the money
in the Social Security "bank account" will be exhausted in 2033, when
it will have only about 77% of what it should pay out that year. That means
that without any changes to the system, if you're in your forties or fifties
today, you may not have access to the Social Security benefits during
retirement, even though you're paying into it now. Increased taxes,
benefit cuts, and upping the age at which people can start collecting benefits
(or a combination of these) are changes that could be implemented to make up
any future shortfalls.
The original
Social Security Act was signed into law by President Franklin D. Roosevelt in 1935. At that time,
the US was just beginning to recover from the Great Depression..
Millions of people were still
out of work, and there was alarming concern for the elderly and retired
Americans who had lost everything. The Social Security program was intended to
be -and essentially still is today – a social insurance program. It’s a
government-run program providing economic security to our citizens.
The 1935 Act provided for “old
age” or retirement benefits, aid to dependent children, disability insurance,
and unemployment insurance. Payments were made in lump sums until 1940 when a
monthly payment system was put into place. And, it was paid for by workers.
Workers made contributions to a trust fund (“Fund”) from their paychecks to pay for the retirement and other benefits they’d need in the following years.
History Lesson on Your Social
Security Card
borrowed from Dick Kantenberger Examiner.com
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
 |
| Old Social Security card with the "NOT FOR IDENTIFICATION" message |
Our Social Security
Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program.
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 would only be used to fund the Social Security Retirement Program and no other Government program;
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
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 would only be used to fund the Social Security Retirement Program and no other Government program;
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
we find 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 theUS
Q: Which Political Party decided to start giving annuity payments to immigrants?
A: That's right! Jimmy Carter and the Democratic Party.
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
Q: Which Political Party decided to start giving annuity payments to immigrants?
A: That's right! Jimmy Carter and the Democratic Party.
Immigrants moving into this country at age 65 begin to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it. With the recent flood of immigrants, mostly illegal, the Democrats are buying votes.
2 comments:
Test comment.
The Congressional debate about the proposed Social Security act reveals its true purpose, reducing the catastrophic unemployment brought about by the Great Depression. Old employees were to be given an attractive reason to retire so young men, particularly heads of families, could find a job. Said differently, it was a bribe paid for in part by the newly hired, what we now call a "transfer of wealth". It's long term problems were discussed but largely left for "normal times" to solve.
Employer-financed health insurance came about in much the same way. During World War II it was forbidden to bid for currently employed specialists in defense industries using higher salaries, so generous "fringe benefits" were used to lure them away. What became a wink-wink workaround evolved into a (you should pardon the term) human right.
Post a Comment