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Do you know the five (5) promises FDR made when Congress passed the Social Security Act of 1935?

How well has Washington lived up to these promises?

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  • bwlobo
    Lv 7
    1 decade ago
    Favorite Answer

    Franklin Roosevelt introduced the Social Security (FICA) program. He promised:

    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 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 paid in would be 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.;

    5) That the annuity payments to the retirees would never be taxed as income."

    Liberals are going to give you this site, which is maintained by the ANNENBERG GROUP.... disclaiming these five promises: http://www.factcheck.org/2009/03/fdrs-voluntary-so...

    However, I would not trust ANYTHING written by the Annenberg Group... The Annenberg Challenge (reflecting hard left views) on whose board Obama and member William Ayers served, was the Marxist group which brought about ACORN with the Clowen, Privin strategy of Orchestrated Crisis. The strategy of forcing political change through orchestrated crisis. The "Cloward-Piven Strategy" seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.

    However Dr. Walter E Williams, a black economist who serves on the faculty of George Mason University, points out the truth about FDR: http://townhall.com/columnists/WalterEWilliams/201...

  • Johnny
    Lv 7
    1 decade ago

    Look what happened to that promise.

    Once the lib's get in your pocket they keep digging deeper.

    Obama has promised in order to get the health care bill passed that there would be NO Federal Money for Abortions.

    How long do you thing that will last?

  • 6 years ago

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