Just a little education for us near SS retirement age!

Capt Ron 1

Bull Gator
Gold Member
Nov 29, 2021
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61
Fort Walton Bch, Fl
Something to ponder:
History Lesson on Your Social Security Card
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 with the "NOT FOR IDENTIFICATION"message.
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 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 & 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 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.
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!
If enough people receive this, maybe a seed of
awareness will be planted and maybe changes will
evolve.
But it's worth a try.
How many people can YOU send this to?
Actions speak louder than bumper stickers
 

NavigatorII

Bull Gator
Dec 8, 2004
13,776
26,536
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I'm taking mine at 62 before your social awareness score starts being factored in.
I'm way ahead of you. I started at 62. :p The noise about the GOP cutting off SS and defunding it is just LWNJ noise and bluster. There have been discussions about changing the structure going forward but no politician is going to kill it. It's political suicide. One improvement would be to end the disability and medicaid drain and force the .Gov to stop stealing from the fund and use other sources to address that issue.

I see no real changes to social security coming though. The main reason is that it's a government Ponzi scheme. The whole thing was set up to fund it with new wage earners paying for the benefits. That was a major debacle.