Well, we are now a week into the New Year and like most people I go into 2013 with some anxiety as to what it may hold. I have mentioned and challenged in my article before to show me what those in Washington have done in the past years that benefit the so called middle class. I cannot recall getting much feedback on the benefits given the middle class.
Having spent the time I did working for the state of Michigan I saw and wrote about how I person-ally watched the growth of gov-ernment. And might I say that most of this I observed took place in the “Big House” or above those working in the field.
I have also watched agencies go from serving the public like they were meant to do to in some cases becoming the biggest bully on the block. Back in the “good old days” we worked with those we served to accomplish the goal protecting and preserving the natural resources. But the interruption of things sure has changed.
I guess one of the clearest examples of this and government can be pointed out by just looking at what happened to social security.
It really gets my goat when some of those “exspurts” on talk radio throw those of us on social security into the crowd that grew up living off the government all their life. They seem to forget that a lot of people my age paid into this pro-gram for 50 years or more with the understanding that it would be put in a trust to be there when we hit that age where we started to collect it.
Who screwed up the social security system? It wasn’t those of us paying into the system all these years. Here are some hard facts for you to look at to better understand where the problem truly came from.
Just in case some of you young whippersnappers (and 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 anyway and the message, “not for identification” was removed.
An old Social Security card had the “Not for identification” message.
Our Social Security: Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:
1) 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 deducti-ble.
4) That the money the participants put in went to 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 and 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 Pres-ident 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 made it so that immigrants could move into this country, and at age 65, begin to receive Social Security payments! The Democratic Party gave these payments to them, even though some 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! Maybe if enough people read this, maybe a seed of awareness will be planted and maybe changes will change the blame game.
So don’t blame those of us on social security for the system being messed up because all we did was pay into it with the understanding it was being put into a “trust fund” for us. What a joke that was.