Social Security

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slimjim May 8, 2010

FDR, democrat, introduced Social security. He promised participation would be voluntary. It's now mandatory. He promised participants would only pay 1% of first $1400, it's now 7.65%. He stated money put in would be tax deducitble well it's not. He stated the money would be put in a trust fund and not used by government. Under Johnson it was put in general fund and spent. He stated it would never be taxed income. Under Clinton now up to 85% can be taxed. Also Jimmy Carter, democrat, allowed immigrants who moved into US to begin recieving social security at age 65 even though they never paid a dime. The current democratic controlled congress has stopped the cost of living increase to social security for two years.
Thor May 8, 2010

So this Congress finally stopped the bleeding for 2 years? Is that the point?