[AT] Reagan Remembered (by Patti Davis) Off topic but greatreading

[dglass]

Very similar statements can be made about income taxes.

G.Dombaugh wrote:

>Here are some facts that should be considered on the Social Security
>argument...
>Garrell
>_______________
>
>Franklin Roosevelt, a Democrat, 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 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.
>
>Since many of us have paid into FICA for years and are now receiving a
>Social Security check every month, and then finding that we are getting
>taxed on 85% of the money we paid to the Federal government to "put
>away", you may be interested in the following:
>
>Q: Which Political Party took all of the Social Security savings from
>the independent "Trust" fund and put them into the General fund so that
>Congress could spend them?
>
>A: It was Lyndon Johnson and the Democratically-controlled House and
>Senate.
>
>Q: Which Political Party eliminated the income tax deduction for Social
>Security (FICA) withholding?
>
>A: The Democratic Party.
>
>Q: Which Political Party started taxing 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.
>
>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 Social Security!
>
>Then, after breaking all of FDR's promises, raiding our accounts for
>cash to spend on other programs, giving our dollars to people who were
>never entitled to them, and violating the original contract (FICA)in
>every other way imaginable, the Democrats turn around and tell you that
>the Republicans want to take your Social Security away!
>
>And the worst part about it is, uninformed citizens believe it!
>
>_______________________________________________
>AT mailing list
>http://www.antique-tractor.com/mailman/listinfo/at
>
>  
>