False Hopes & Promises: Social Security
Social Security was established in 1935 by Franklin Roosevelt, a Democrat, also known as the (FICA) Program. He made a lot of promises and agreed to many an Earmark in order to get the bill passed. He promised that participation in the Program would be Completely voluntary, that the participants would only have to pay 1% of the first $1,400 of their annual incomes into the program, that the money the participants elected to put into the Program would be deductible from their income for tax purposes each year and President Franklin Roosevelt stated that the money the participants put into the Independent 'Trust Fund' rather than into the General operating fund. This would make sure that the Social Security Retirement Program stood alone and was free from other government entities to take away from but unfortunately, again false hopes and promises. Under President Lyndon Baines Johnson, the 36th President of the United States from 1963 to 1969 the money was moved to The General Fund and spent by Congress as it was enormous and greed begets promises almost every time. LBJ, promised that the annuity payments to retirees would never be taxed as income. Then comes along Albert Arnold "Al" Gore, Jr., the 45th Vice President of the United States from 1993 to 2001 under President Bill Clinton and up to 85 percent of your social security payments can be taxed; the money tree is looking pretty bare by now but as if that is not enough, we all need to see where else our money is or has gone: it is No longer Voluntary, now pay 7.65 percent of our hard earned dollars into the depleting fund and it is no longer tax deductible!
So, in summing up on the Social Security Fund, we can see that our “Independent Trust Fund” was no longer voluntary, became a taxable annuity, was eliminated from the list of income tax deductions and increased in payments from 1% to 7.65%, to make the funds grow so it could be put into the “General Fund” so Congress could spend it as they may and do! Then, in the mater of 'Justice for All', our government gave away our annuity payments to immigrants; those immigrants who moved to America, who to were age 65, also received your Social Security payments, even though they never put a penny towards it! That is not only unjustified and criminal but just plain stupid and all under the influence of the Democratic Party!
I am not finger pointing but when the kettle is black, what color do you call it?
AND CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE TERM
“Houston,...we have a problem here...” (for those of you too young to remember, this was a satirical remark used in saying there was a red herring or a fly in the ointment, coming from any one of the Apollo Space Flights if there was a problem as they orbited the earth), as you cannot keep taking a tasteful of chocolate frosting off the side of the cake every time you walk by. If you do, after a while the frosting is all gone and now you are breaking pieces of the cake off, until it is just crumbs on a plate.
So, President Obama wants to eliminate debt; Remembering back, just two years ago when a then running campaign for President, our now President Obama challenged to his platform of boosting the quality of life for senior citizens making $50,000 or less with a much-needed tax cut.
"If you work hard and pay into the system,
you've earned the right to a secure retirement,”
Words to campaign by.
This rallied the Conservatives, because it was of the truth. Laying a solid foundation for our nation’s future was something seniors had done through self-sacrifice and patriotism in keeping our country safe. Senior citizens, those disabled and all who are putting monies into the Social Security System are putting forth or have put forth their trust in laying down a solid foundation for themselves, to our nations upcoming seniors, and our children, yet under President Obama, when it came time for the stimulus bill, his senior citizen tax cut did a Kristin and completely disappeared!
Famous words from Thomas Jefferson:
“A government big enough to give you everything you want, is strong enough to take everything you have.”
And it started with Social Security being placed in the General Funds Department. Prior to this were again false hopes and promises by our men in power. It did not start that way, as it was really just a fund for Senior Citizens and the disabled, until it grew large enough for it to sparkle and others took note.
It was so easy to take away, so why is it so hard not to put it back to where it started in the first place; an "Independent Trust Fund!" No Ask, No Tell, No Take away unless you are of eligibility. Take it back out of the "General Fund" and the problem is partially fixed. It starts with that first step and it is not like we are asking for the repeal of Congress giving themselves 100% retirement after one year of service. Let them to work for a piece of the cake and the fund will again begin to grow and that is what our Country needs; economic growth and starting with Social Security is a good place to start. No more false hopes and promises, as Nike's slogan says "Just Do It!"
