Wednesday, June 16, 2004

Social Security

For perspective, I thought I would point out some of the original promises that FDR made when he introduced the Social Security program. I do hope you learn a lesson from this.

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 theProgram,
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 otherGovernment program, and,
5.) That the annuity payments to the retirees would never be taxed as income.

By the way, who was President when Social Security income was deemed taxable? and who cast the deciding vote?

Bill Clinton... and Al Gore...

Right... Now... Who is gonna steal your social security?

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