That's correct. :dthumb:Need4Speed750 said:
Informative post for you bleeding heart liberals.
THIS QUOTE FROM WINSTON CHURCHILL IS SO RIGHT ON...........
We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.--Winston Churchill
SOCIAL SECURITY:
Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:
1. That participation in the Program would be completely voluntary,
2. That the participants would only have to pay 1% of the first $1,400 of their annual incomes into the Program,
3. That the money the participants elected to put into the Program would be deductible from their income for tax purposes each year,
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,
5. That the annuity payments to the retirees would never be taxed as income.
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 Democratic-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?
MY FAVORITE : A: That's right! Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive SSI Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!
Then, after doing all this lying and thieving and violation of 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!
We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.--Winston Churchill
SOCIAL SECURITY:
Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:
1. That participation in the Program would be completely voluntary,
2. That the participants would only have to pay 1% of the first $1,400 of their annual incomes into the Program,
3. That the money the participants elected to put into the Program would be deductible from their income for tax purposes each year,
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,
5. That the annuity payments to the retirees would never be taxed as income.
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 Democratic-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?
MY FAVORITE : A: That's right! Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive SSI Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!
Then, after doing all this lying and thieving and violation of 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!
21 - 26 of 26 Posts
I understand and I agree. However, the majority of people aren't responsible enough to set aside $ for their retirement. This way they at least get *their* money back, plus interest, and the rest of us that are responsible won't have to bail out millions of dumbazzes b/c we have a fiscally irresponsible socialistic safety f'n net. Was that a run on sentence? Okay.GSXR750DJ said:Dang it. If its my money I want it when I want it. I earned it and its mine.
yes but well said...earning interest on it, and having this plan ur talking about would be nice..and idea at all when it MIGHT start to happen ?Pigface1 said:I understand and I agree. However, the majority of people aren't responsible enough to set aside $ for their retirement. This way they at least get *their* money back, plus interest, and the rest of us that are responsible won't have to bail out millions of dumbazzes b/c we have a fiscally irresponsible socialistic safety f'n net. Was that a run on sentence? Okay.
Pigface1 said:I understand and I agree. However, the majority of people aren't responsible enough to set aside $ for their retirement. This way they at least get *their* money back, plus interest, and the rest of us that are responsible won't have to bail out millions of dumbazzes b/c we have a fiscally irresponsible socialistic safety f'n net. Was that a run on sentence? Okay.
Well...I know I am responsible enought and I have my familys future already taken care of. There is nothing they will have to worry about if something whould happen to me. And if nothing does(which is a good thing) it is still taken care of with my 401K's and IRA's I have set up. I'm ready for the future and my retirement.
the majority of the world isnt that financially set for one reason or another!!!!!! ...I like the idea of having this set aside for me, as long as IM the only one who can ever get to it.
Being optional is the first step, I don't like anyone telling me what I have to do with my OWN money, if people aren't responsible enough to save it, then it's not my problem. But the government has to make it theirs, because they know what's better for you, than you do.
21 - 26 of 26 Posts
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