Social Security is a hoax!

Social Security Facts!

Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised: 1.) Participation in the Program would be completely voluntary.
2.) Participants would only have to pay 1% of the first $1,400 of their annual incomes into the Program. (it is now 12.4 %)
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.
5.) That the annuity payments to the retirees would never be taxed as income.

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 age65, they began to receive Social Security payments! The Democratic Party gave these payments to them even though they never paid a dime into it!

We wonder why social security is broken?

Let's suppose for a moment that a man and wife married in 1963 and their combined incomes were the national median. The national median in 1963 was $6249 and grew to $59,000 by 2008. During 2008 they reached the age of 65 and decided to retire. Let's pretend the government didn't steal this couples life savings and instead left in it in an account just like Franklin Roosevelt promised. Let's also pretend for a moment that the government paid interest on the savings at the average stock market return rate during the period 1963 to 2008; which was 8.47 percent.

This couple would have $750,647 in savings for retirement! This couple could withdraw their funds and invest it; and if they could select the right mix of investments that could return 8 percent on their investment they could have $60,000 a year in income.

Instead they will receive a monthly check for about $1500, or $18,000 per year!

I have the data that supports this calculation. Please ask if you would like to see it!

What happened to the savings account?

The Democratic Lead Congress and President Johnson decided to take the social security money and replace it with an I.O.U.

For members of congress let me make it real simple: Lets say you want to send your child to college at the age of 18. So, every year on your child's birthday you deposit $2000 into a savings account. The following day you withdraw the $2000 to buy a new car, big screen TV or other nice to have thing and replace the money with an I.O.U. On the first day of college how much money will your child have? NONE! You will have 18 I.O.U.s totalling $36,000 minus any interest payments because you don't get interest on an I.O.U!

That's RIGHT! Your government took your life savings and used it for social engineering!

Funny. Every election year the Democratic Party runs ads that say. "The Republican Party wants to take away your Social Security." Question; how to you take something that doesn't exist?

Social Security is Broken and will soon totally bankrupt America! Thank YOU Congress!