High: 87°F ~ Low: 50°F
Friday, May 6, 2016
Social Security Wild CardPosted Monday, September 3, 2012, at 2:50 PM
Food upon the table,
Only if we're able,
Security a cuss word,
One few it seems has heard:
...V O T E...
By Arley Steinhour 090312
I have a Social Security Card,
When they put SS in the General accounting,
Too bad, that things didn't go that way,
Today, they try to tell us all,
We the People paid, to build the program,
History tells the important story,
Original subject line: History Lesson on Your Social Security Card
The original Social Security card had the "NOT FOR IDENTIFICATION" message.
Our Social Security
1.) That participation in the Program would be Completely voluntary,
No longer Voluntary
2.) That the participants would only have to pay 1% of the first $1,400 of their annual Incomes into the Program,
Now 7.65%, individual, plus 7.65%, by employer, or individual, on the first $90,000
3.) The money, participants elected to put into the Program, would be deductible from their income, for tax purposes each year,
No longer tax deductible
4.) The money paid in would be put into an 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,
Under Johnson the money was moved to The General Fund and Spent.
5.) The annuity payments to retirees would never be taxed as income.
Under Clinton & Gore
Sadly, this history is only a small portion of the changes that have destroyed, what could have been an excellent supplemental security, to Old Age income.
Respond to this blog
Posting a comment requires free registration:
Praise & Poetry
- Blog RSS feed
- Comments RSS feed
- Send email to Arley Steinhour