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Social Security....what security... and now health care?

We have all been ripped off. The government has raided the social security funds to the tune of 100s of billions, even trillions of dollars and what remains are many IOU's. Social Security?? What security is there in an IOU? And now,many want to trust this same government to fund and run our healthcare??? Talk about letting the fox run the hen-house? Are some people really that naive, or do they just have another unseen agenda? What do you think?

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  • 1 decade ago
    Favorite Answer

    When Social Security was set up there was no way for it to go broke,then the Gov. moved in on

    it stole the money and issued virtually worthless IOU's so they could have their PORK.

    The Congress doesn't care those Crooks are taken care of when they retire.

  • 1 decade ago

    False claim:

    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..

    As noted above, the monies paid into the Social Security trust have never been "put into the general fund." The requirements for how the Social Security Trust Fund is to be financed and invested have not changed since the fund's inception in 1939. The reference to Lyndon Johnson indicates that someone was probably confused by a change implemented at the end of the Johnson administration (1969) that altered how the fund was accounted for in the federal budget but did not change the actual operations of the fund itself:

    Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?

    A: The Democratic Party.

    As noted above, Social Security withholding has never been deductible from income for tax purposes. The original Social Security Act of 1935 specifically stated that monies paid into Social Security via payroll taxes were not to be allowed as income tax deductions.

    Q: Which political party increased the taxes on 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.

    In 1993, Congress passed legislation that increased the percentage of Social Security benefits subject to taxation from 50% to 85%. As with the 1983 amendments to the Social Security Act, this increase applied only to taxpayers whose total income exceeded specified thresholds.

    This change to Social Security was but one element of the massive Omnibus Budget Reconciliation Act (OBRA) introduced in Congress in 1993. OBRA was barely passed by a 218-216 vote in the House of Representatives, with not a single Republican voting in favor of it (although 41 Democrats voted against it). Likewise, the Senate vote on OBRA was deadlocked at 50-50 (again, with not a single Republican voting in favor of it, although 6 Democrats voted against it) until Vice-President Al Gore (a Democrat) cast the deciding "Yea" vote. The bill was signed into law by President Bill Clinton (also a Democrat).

    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 age 65, began to receive SSI Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!

    No one — whether he be a citizen, immigrant, or illegal alien — is eligible to collect Social Security benefits unless he (or someone else, such as a parent or spouse) has paid into the system. Someone has confused Social Security itself with Supplemental Security Income (SSI) — the latter is a federal welfare program "designed to help aged, blind, and disabled people, who have little or no income" by providing "cash to meet basic needs for food, clothing, and shelter." Immigrants can qualify for SSI benefits under certain conditions, but SSI is financed by general revenues and not Social Security taxes. SSI was not enacted by the administration of President Jimmy Carter (a Democrat); it was created and signed into law in 1972, during the administration of President Richard Nixon (a Republican).

  • Anonymous
    1 decade ago

    IF YOU ARE UNDER 40, I WOULD NOT COUNT ON SOCIAL SECURITY AND MEDICARE BEING THERE WHEN I NEED IT, IF I WAS YOU

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