Social Security
Posted: Mon May 12, 2003 8:14 am
SOCIAL SECURITY:
(This is worth the read. It's short and to the point.)
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 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.
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 Gore casting the deciding vote.
Q: Which party decided to give money to immigrants?
A: That's right, immigrants moved into this country and at 65 got SSI
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!
Pass it on please! 2004 Election Issue
This must be an issue in "04." Please! Keep it going. 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
adjustments. For example, 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.
(This is worth the read. It's short and to the point.)
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 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.
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 Gore casting the deciding vote.
Q: Which party decided to give money to immigrants?
A: That's right, immigrants moved into this country and at 65 got SSI
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!
Pass it on please! 2004 Election Issue
This must be an issue in "04." Please! Keep it going. 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
adjustments. For example, 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.