Many of you have seen this email around or a version of it:
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 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?
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 violating of the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!
And here is the fact check:
Q: Which party took Social Security from an independent fund and put it
in the general fund so that Congress could spend it?
A: It was Lyndon Johnson and the Democratic-controlled House and Senate.
While President Lyndon Johnson had a profound affect on the benefits received, the point that President Lyndon Johnson and the Democratic-controlled House and Senate could spend the surplus by including the surplus in the budget remains.
Q: Which party put a tax on Social Security?
A: The Democratic party.
President Ronald Reagan, a Republican, did sign the first bill taxing Social Security benefits. BTW, Alan Greenspan was the head of the commission that recommended this! See http://www.ssa.gov/history/reports/gs… The commission included Democrats and Republicans.
Q: Which party increased the tax on Social Security?
A: The Democratic Party with Al Gore casting the deciding vote.
Snopes admits that this is true.
Q Which party decided to give your Social Security
money to immigrants who have never worked here?
A: That’s right, the Democratic Party. Immigrants that
move into this
country at 65 get SSI and have never paid a dime into
the system. This is
costing us millions of dollars.
Immigrants first received SSI (Supplemental Security Income) under the Republican administration of President Richard M. Nixon, and the snopes web site explains why this was the case (which the following further clarifies this as well). But as far as Social Security goes, what happened under President Lyndon Johnson and the Democratic-controlled House and Senate, see http://www.ssa.gov/history/1960.html, which includes the following:
July 30,1965 The Social Security Act and the Railroad Retirement Act were amended to provide protection against the cost of hospital and related care to persons aged 65 and over and entitled to monthly retirement benefits under these acts (and to persons not so entitled who would reach 65 before 1968); to permit all persons aged 65 and over to purchase protection against the cost of physician’s services, one half of such cost to be paid by the Federal Government out of general revenues; to liberalize cash benefits, the retirement test, and the definition of disability under old age, survivors, and disability insurance; to liberalize the Federal matching ration for public assistance; to require a State which desired Federal matching of the cost of medical care for medically-indigent aged persons to provide similar protection to all needy persons for whom the State was receiving Federal grants; and to increase the Federal grants to the States for maternal and child health and welfare services.
July 1, 1966 On this date all persons over 65 were automatically covered under all of the hospital insurance provisions of the new legislation, except for the nursing home provision. Public assistance funds were needed to pay the deductibles for those who could not afford them. Benefits under the voluntary medical insurance program began for OASDI beneficiaries who signed up for it earlier and for elderly persons who received public assistance payments in States that previously entered into an agreement for their coverage.