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 Post subject: FICA
PostPosted: Fri Feb 17, 2006 11:26 pm 
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Posts: 1015
a good piece of info i found.

Many years ago in Seattle, two wonderful neighbors, Elliott and Patty
Roosevelt came to my home to swim on a regular basis. They were a great
couple full of laughter and stories that today I continue to marvel at.
Both are now deceased, but their stories remain. During the years of our
friendship we had many, many discussions about his parents (President
Franklin D. and Eleanor Roosevelt) and how his father and mother never
intended for the Social Security and Welfare programs to turn out the way
they are today. Elliott used to say that if his mother returned to earth
and saw what the politicians had done to their programs she would have
burned all of them in hell.

Here is a story I received today regarding the Social Security Program
and I immediately thought of Elliott's comments. Hope you will read
this and think about it.

Franklin Roosevelt, a Democrat, 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?

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 doing all this lying and thieving and violation of 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 good changes will evolve. Maybe not, some Democrats are
awfully sure of what isn't so.

_________________
I believe that God has planted in every heart the desire to live in freedom.
George W. Bush
DESTROY THE QURAN OR BE DESTROYED BY IT


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 Post subject:
PostPosted: Fri Feb 17, 2006 11:53 pm 
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Joined: Wed Feb 09, 2005 1:53 am
Posts: 2541
Location: Illinois
bucky, did you know that your Bushgod has used your FICA payments to fund some of your favorite causes? No, of course you didn't know that.

Bush is using your FICA payments to fund such things as the war in Iraq and tax cuts for the wealthiest 1%.

Look at this bucky.

THE LIE:

Quote:
"To make sure the retirement savings of America’s seniors are not diverted in any other program, my budget protects all $2.6 trillion of the Social Security surplus for Social Security, and for Social Security alone." --President George W. Bush, State of the Union Address, February 27, 2001

Transcript


THE TRUTH:

Quote:
Bush is hands down the all-time world champion spender of Social Security Trust Funds. When he was running for office in 2000, he declared, "We're going to save Social Security by not spending the Trust Fund." Since taking office, however, he has masked the size of his record budget deficits by taking money from-you guessed it-the Social Security Trust Fund.

Last year the heist amounted to $160 billion. Since he took office, Bush has quietly spent over $640 billion of the Trust Fund's money in this way.



Link


Do you think FDR intended FICA funds to pay for the reconstruction of Iraq?

Image


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