Framing the Dialogue

Social Security “Trust” Fund

Social Security wisdom passed along by Rich:

History Lesson on your Social Security Card that you won’t see in the main-stream media–now or ever.  Learn these facts–they’re relevant!!!

  •  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.  I compared my SS Card with my daughters and the note regarding it not to be used as identification has been removed.
  • Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:  
    • That participation in the Program would be completely voluntary – It is no longer Voluntary; 
    • That the participants would only have to pay 1% of the first $1,400 of their annual incomes into the Program – it is now 7.65% on the first $90,000;
    • That the money the participants elected to put into the Program would be deductible from their income for tax purposes each year – It is no longer tax deductible; 
    • 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 – Under Johnson the money was moved to the General Fund and Spent; and
    • 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’
  • Which political party took Social Security from the independent ‘Trust Fund’ and put it into the general fund so that Congress could spend it?  It was Lyndon Johnson(Democrat) and the Democrat controlled House and Senate.
  • Which political party eliminated the income tax deduction for Social Security (FICA) withholding?  The Democrat Party.
  • Which political party started taxing Social Security annuities?  The Democrat Party, with Al Gore casting the > ‘tie-breaking’ deciding vote as President of the Senate, while he was Vice President of the US…yet another reason to dislike Jabba the Gore and his “lock box.”
  • Which political party decided to start giving annuity payments to immigrants?  That’s right!  Jimmy Carter and the Democrat Party.  Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democrat Party gave these payments to them even though they never paid a dime into it!
  • Which political Party is the one generally accused of “wanting to take away your Social Security” each and every election cycle?  The Republicans.  And the worst part about it is uninformed citizens believe it!

“A lie told often enough becomes the truth”

Vladimir Lenin

Editor’s note:  The original text from the e-mail referred to the “Democratic” Party.  I revised the text to reflect the correct name (Democrat Party) as it is important to not give them credit where it is not due.

3 CommentsLeave one

  1. Kevin Holesh says:

    At first, I thought that was my social security card…

  2. Robin says:

    For a lot of years I believed that Ike Took the social security money out of the trust fund and into the general fund in the 1950s. Where did the information come from, saying Johnson took the money out. Not to debate but to verify. Robin

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