How many are aware Democrats have raided and plundered our Social Security System?

Social Security used to be a good system until the Democrats abolished the trust fund they had established in 1935 for future retirees. Now they uwisely use our payroll taxes to pay for many other costly social welfare programs.

This review explains very well how the Democrats through the years have raided and plundered our Social Security System.

The review begins as follows.

Just in case some of the liberals in this group are not aware of this recent history, it's very easy to check out and verify; please do so if you and your socialist freinds don't believe these facts.

To our fellow conservativers, centrists and moderates: Be sure and show this to your grandkids. They need a little history lesson on what's what and it doesn't matter whether you are a Democrat or a Republican. Facts are Facts are Facts!!!

Our Social Security System - Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:

1.) That participation in the program would be completely voluntary.
Today, it is 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 it is 7.65% of yuor income.

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 contributed would be put into the independent 'Trust Fund' rather than into the general operating fun; and therefore, would only be used to fund the Social Security Retirement Program, and would not be used to fund any other Government program; however, under Lyndon Johnson, the money instead was moved to the General Fund and spent on very wasteful welfare programs by the Democrats.

5.) That the annuity payments to the retirees would never be taxed as income. Under Clinton and Gore, up to 85% of your Social Security can now be taxed.

By the way, since many of us have paid into FICA for many, many years and are now receiving a Social Security check every month – and have learned that we are being taxed on 85% of OUR money we gave to the Federal government to 'put away' for us and use during our senior years -- 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 Democrat-controlled House and Senate.
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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! Good ole Jimmy Carter and the Democrat Party!
Immigrants moved into this country, and at age 65, they began to receive Social Security payments!
The Democrat Party generously gave these payments to them, even though they never paid a dime into the system!
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Then, after violating the original contract (FICA), the Democrats turn around and tell you with no shame at all that it is the Republicans want to take away your Social Security payments! And the worst part about it is that many uninformed citizens actually believe this statement!

If enough people understand this history of Social Security, maybe a seed of awareness will be planted in them. And then maybe productive changes will evolve. But then again, maybe not, because when it comes to Social Security, some Democrats are awfully convinced of what clearly isn't so. But it's worth a try. Actions, of course, speak much louder than well-crafted bumper stickers!

AND THEN, AS A FINAL GESTURE TO TOP OFF THE INSULTS TO OUR SENIORS, THE CONGRESS GIVES THEMSELVES 100% RETIREMENT AFTER ONLY SERVING ONE TERM!!!

And the progressives in our group are now besides themselves and cannot understand or comprehend why the Democrats are now losing Congressional election after election!

"A government big enough to give you everything you want, is strong enough to take everything you have." - Thomas Jefferson

 

This review was very good.

"This mistaken emphasis misses the fundamental point about Social Security's problems: There is no cash in the Social Security trust fund, and there never has been any."

 

A. Raid and plunder is what leftists do. Produce and stockpile isn't their thing.

B. Democrats may have raided and plundered but the Republicans certainly didn't resist.

 

At least some of the Democrats were Racist Kluxer segregationist Dixiecrats in the 60's & 70's ...

 

How many times do you have to make the same dumb post? We already have debunked your stupidity. The only people that didn't know there was never ever a single dime in the "Trust Fund" are people like you.

 

The SS Administration by law MUST "invest" their "extra" money in government bonds, or finance government debt by law, and from day 1. They are unable to invest in any real investment as they would quickly own all major indices in the stock market and control all business with political instead of business motivations, or do in the stock market what unconstitutionally Democrat created Freddie and Fannie do in the housing market. Back when SS was created people were smarter and limited the SS Admin to only buy government debt. Therefore, from day 1 all the extra SS trust fund money was designed to be spent on defect spending or government debt. Therefore, the fund was never looted. Al Gore lied when he said the money could be put in a "lock box." If all the money was converted to cash, stashed in a "lock box" and buried in the back yard of the Capital the economy would stop as the money would not circulate. Kind of makes you wonder what else Al Gore lied about doesn’t it? It's all been a Democrat lie from the start and a major constitutional violation that ultimately will destroy many lives.

 

I like the post, James Cessna!

Take a look at this review!

http://www.politicalforum.com/curre...-trust-fund-actually-operate.html#post4464595

http://www.politicalforum.com/lates...rity-trust-fund-really-works.html#post4301698

I'm glad that this is not against any forum rules. Keep up the good work!

 

There was never a SS Trust Fund from Day 1. Democrats said there was such a fund to the public, but they lied. They told the Supreme Court something completely different in Helvering v. Davis when the Democrat Ponzi Scheme better known as Social Security was challenged (after the Supreme Court was threatened by FDR so they would stop ruling his "New Deal" unconstitutional. Google the “Switch in Time that Saved Nine."). Democrat lawyers argued that SS funding was a general revenue tax, and the revenue from that tax was to go in the general revenue fund, not a "trust fund,” something very different than what Democrats told We the People.

Helvering v. Davis included the following ruling proving that that there never was a Social Security Trust Fund regardless of Democrat lies to the contrary.

The argument for petitioners is that the tax moneys are not earmarked, and that Congress is at liberty to spend them as it will. The usual separability clause is embodied in the act. Section 1103 (42 U.S.C.A. 1303). ​

Once again Democrats lied about their great programs. I know the truth is tough for many on the Left to understand and embrace, but reality is a stubborn thing, and does not go away no matter how much Leftist propaganda tries to hide the reality.

 

You are correct, Swamp_Music.

How much longer (how many years) do you believe Social Security will last until it is completely and totally bankrupted?

Remember, there are 12 million illegal workers in the United States. Thse people will someday be granted amnesty and they too will become Americal citizens.

These people will be able to collect Social Security benefits when they become 62. How will we pay for the new benefits for all of these people?

 

Since I have shown there is no SS trust fund, and there NEVER was, SS is bankrupt NOW! It already is in the RED, or pays out more than it takes in!

Social Security expenditures exceeded the program’s non-interest income in 2010 for the first time since 1983. The $49 billion deficit last year (excluding interest income) and $46 billion projected deficit in 2011 are in large part due to the weakened economy and to downward income adjustments that correct for excess payroll tax revenue credited to the trust funds in earlier years.

http://www.ssa.gov/oact/trsum/index.html

​

 

Good information.

Thanks for sharing,Swamp_Music.

 

You are very correct, PatrickT.

 

James, I am well aware of it.


_

 

Great!

I am pleased to hear that!

 

No, the turth is not tough to understand or embrace for left. The fact is they have zero problems lying to get their way. All that matters is that they win, and they will lie, obfuscate or cover up the truth in order to win. The ends justifies the means.

Just one example, and I understand the libertarian viewpoint but bare with me here as an example.

The medical marijuana laws.

We were told, that this was for the sickest and dying patients who needed it. That it wasn't going to be sold to kids, that it wasn't going to be available for public consumption. They outright lied and when you bring this up and show how the exact opposite is happening in California and other states that pass these laws, that these laws are in fact, de facto legalization for everyone and that they told lies to get the law passed, to a democrat they shrug and say "so?"

They simply don't have any problems lying to advance an agenda.

If you are for legalization or any other agenda, all I ask is you speak the truth. Don't sit there and say you are trying to help sick and dying people, when in fact you have an ulterior motive.

 

http://ampedstatus.org/how-your-soc...stolen-where-did-the-2-5-trillion-surplus-go/

 

Done.

Participation has never been voluntary.

The law provided for the amount to increase gradually from 1% on the first $3,000 from both the employer and the employee all the way to 3%. The program has certainly expanded beyond that, but the OP vastly underestimates the original size of the program.

The original law specifically stated that SS payments are not tax deductible.

Social Security revenues have never been used for anything besides Social Security. Lyndon Johnson changed some accounting practices (this was changed back in 1990), but this did not affect where the money went.

The amendment that allowed Social Security payments to be taxed was signed by Reagan. Taxes on SS checks are essentially based on the income of the recipient; you'd have to be extremely rich to pay 85%.

Are you saying that citizens who weren't born in the USA shouldn't be eligible for Social Security...?

I don't know what you mean by "100% retirement", but Congressmen get the same retirement options as most federal workers.

 

Thanks for sharing, nlytend!