8/9/2011 9:08 PM
Franklin Roosevelt, a Democrat introduced the Social Security program. He promised that participation in the program would be completely voluntary. It is no longer voluntary, thanks to the Democratic Party.
He promised the participants would only have to pay 1 % of the first $1,400 of their annual incomes into the program. It is now at 7.65 % on the first $90,000. Thanks to the Democratic Party.
The money the participants elected to put into the program would be deductible from their income for tax purposes each year. It is no longer tax deductible, thanks to the Democratic Party.
This money was put into the independent "trust fund" and would only be used to fund the Social Security Retirement program and no other program. Under President Johnson, the money was moved to the General Fund and was spent, thanks to the Democratic Party.
The payments to the retirees would never be taxed as income. Under Clinton and Gore, up to 85% of your Social Security can be taxed. Thanks to the Democratic Party., and we paid this money to the Federal Government to put away for us.
Immigrants moved into this country and at age 65, began to receive Social Security payments even though they never put a dime into it. Thank you Jimmy Carter. Thanks to the Democratic Party.
And, the Democrats tell you the Republicans want to take our Social Security away.