Written by Vincent Gioia
Many seniors rely on social security to support themselves, in whole or in part. When social security was enacted into law during the administration of Franklin D. Roosevelt, a number of promises were made.
For example Democrat FDR promised:
1.) That participation in the Social Security 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.
Social Security as promised by President Roosevelt does not exist and you may be interested in knowing why.
In 1958, a Democrat controlled congress, not President Eisenhower, voted to remove some funds from Social Security and put it into the General Fund for congress to spend. From what I understand, congress' logic at that time was that there was so much money in Social Security Fund that it would never run out or be used up for the purpose it was intended and set aside for.
During the administration of Democrat President Lyndon B. Johnson and with a Democrat controlled House and Senate, the entire Social Security Trust Fund was placed in the general fund so congress could spend it on the failed "War Against Poverty."
The presidency of Democrat James Earl Carter, Jr. was a dismal failure and a catastrophe for the United States on many levels but under President Carter and a Democrat controlled congress, immigrants, including illegal immigrants, were given the right to receive Social Security payments at age 65 even though they never paid anything into Social Security.
When Democrat William Jefferson Clinton was president, the income tax deduction for Social Security was eliminated. The Democrat Party with Democrat Albert Arnold Gore, Jr. as Vice president was able to accomplish this because a tie vote in the Senate was broken by Democrat Vice President Gore in his role as President of the Senate.
Despite the fact that Democrats in congress and Democrat Presidents violated every one of the promises made by President Roosevelt at the inception of Social Security, we are told over and over that Republicans want to take Social Security away from seniors. By the way, did you know that congress gives themselves 100% retirement for serving only one term?
Now President Obama wants to reduce benefits to seniors even more. All the health care bills in congress as prescribed by President Obama provide paying for universal health care by reducing the amount spent on Medicare for seniors. These bills would also establish a government board that will dictate the medical care which can be provided on a "cost effective" basis such that older people will be deprived of needed life-extending medical care because it is not cost effective to spend money on those with comparatively shorter life spans. Furthermore, with more people having health insurance, and no increase in the number of health care providers, rationing of health care is assured.
Obama and Democrats say that it is "scare tactics" to tell people what actually is in the Democrat Obamacare bills wending their way through congress but I believe telling the truth is what Americans expect and unfortunately do not get from Democrats; the history of Social Security is an example.
"A government big enough to give you everything you want, is strong enough to take everything you have". Thomas Jefferson