Social Security . . . ,
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", This money was already taxed
once when you earned it ! You may be interested in the following:
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
Q: Which party put a tax on Social Security?
A: The Democratic party.
Q: Which party increased the tax on Social Security?
A: The Democratic Party with Al "the vote counter" Gore casting
the deciding vote. He probably did this when he was inventing the
Q: Which party decided to give social security money to
A: That's right, immigrants moved into this country and at 65 got
Social Security. The Democratic Party gave that to them although
they never paid a dime into it. Then, after doing all this, the
Democrats turn around and tell you the Republicans want to take
your Social Security. And the worst part about it is, people
believe it !
2004 Election Issue: This must be an issue in "04". Please !
Keep it going.
SOCIAL SECURITY: ( This is worth the read. It's short and to
the point.) Perhaps we are asking the wrong questions during
election years. Our Senators and Congress men & women do not
pay into Social Security and, of course, they do not collect from
it. You see, Social Security benefits were not suitable for persons
of their rare elevation in society. They felt they should have a
special plan for themselves. So, many years ago they voted in their
own benefit plan. In more recent years, no congressperson has felt
the need to change it. After all, it is a great plan. For all practical
purposes their plan works like this:
When they retire, they continue to draw the same pay until they
die, except it may increase from time to time for cost of living
For example, former Senator Byrd and Congressman
White and their wives may expect to draw $7,800,000.00 ( that's
Seven Million, Eight-Hundred Thousand Dollars ), with their wives
drawing $275,000.00 during the last years of their lives. This is
calculated on an average life span for each. Their cost for this
excellent plan is $00.00. Nada ! Zilch ! This little perk they voted
for themselves is free to them.You and I pick up the tab for this
plan. The funds for this fine retirement plan come directly from
the General Funds, our tax dollars at work !
From our own Social Security Plan, which you and I pay ( or have
paid ) into - every payday until we retire ( which amount is matched by
our employer ) -- we can expect to get an average $1,000 per month after
retirement. Or, in other words, we would have to collect our
average of $1,000. monthly benefits for 68 years and one ( 1 )
month to equal Senator Bill Bradley's benefits ! Social Security
could be very good if only one small change were made. That
change would be to jerk the Golden Fleece Retirement Plan from
under the Senators and Congressmen. Put them into the Social
Security plan with the rest of us ... then sit back and watch how
fast they would fix it. If enough people receive this, maybe a seed
of awareness will be planted and maybe good changes will evolve.