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 anywayand the message, NOT FOR IDENTIFICATION, was removed.

Our Social Security

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


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!

I'm an informed citizen, and I wish you would confirm what you write before posting it.

Social Security benefits are based only on earnings. They're not a free ride for anyone. They're earned. Even benefits paid to spouses and widows are based on the earnings of their spouse. Furthermore, everyone has to have earned a certain amount of money over a minimum amount of time to qualify to receive anything. The higher the earnings, the higher the benefit.

If anyone wants the FACTS about Social Security, I suggest they visit: www.socialsecurity.gov to begin their seach for information.

good advice

I also found this

http://www.snopes.com/politics/socialsecurity/changes.asp


but I think the actual SS site is the best option,,,,thanx

Where did the money go?

According to some,[who?] the "value" of the Social Security Trust Fund hinges on the federal government's ability to pay back the money that it has borrowed from Social Security. This issue was highlighted during the debt limit crises of 1985, 1995–96 and 2011. Ability to repay is a key driver of the secondary market for third world debt. During debt limit crises of 1985, 1995–96 and 2011, Social Security faced a potential inability to redeem the trust fund assets. This had nothing to do with the perceived value, legal or otherwise, of the trust funds' assets, instead the problem revolved around Treasury's lack of cash in the general fund. Treasury's lack of cash, and its inability to borrow above the debt ceiling, put into question Treasury's ability to redeem the trust fund assets with the cash Social Security needed to pay benefits. The same redemption problem could also potentially have affected investors trying to redeem Treasury's marketable debt for cash, or persons trying to redeem non-marketable savings bonds for cash.

http://en.wikipedia.org/wiki/Social_Security_Trust_Fund#2011_activity_and_financial_status

These are forums.

I post things, as always, for opinion as I find them.

Some are posted just to get a rise, others for input, some for opinion contrary to my own, and still others meant for the purpose of this post.. to push the "HOT" button!

I'm an "Independent" voter and have no need for a contolling 2 party system that has adulterated politics with corruption, bribes, influence peddling and special interest vote selling.

The facts are, both have stolen and spent our SS, medicare and tax dollars thru manipulation and fraud faster than they can be collected, and posts such as these cause debates which JUST MIGHT awaken a sleeping majority and cause them to seek the truth on an issue....

That, is never a bad thing, and it is nice to see it works!

SS.Gov. doesn't have it's beginnings history on file.

There is no report of where the lost monies are.