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Social Security
Short History

a story of feloneous behavior

Received: 20Aug2010

Just The Facts

Just in case some of you young whippersnappers (& some older ones) didn't know these facts. If you are skeptical, they are easy to check out. Be sure and show this to your kids. They need a little history lesson on what's what and it doesn't matter whether you are Democrat or Republican:

  • 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 was removed;
  • an old Social Security card with the "NOT FOR IDENTIFICATION" message.

The History Of Social Security

Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. What he promised, and how it has changed, is shown in the table below.

Participation in the Program would be completely voluntaryno longer voluntary
participants would only have to pay 1% of the first $1,400 of their annual incomes into the program 7.65% on the first $90,000
the money the participants elected to put into the Program would be deductible from their income for tax purposes each yearNo longer tax deductible
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 Under Johnson the money was moved to the General Fund and spent on other Government programs
the annuity payments to the retirees would never be taxed as incomeUnder Clinton & Gore up to 85% of your Social Security income can be taxed