Monday, June 30, 2008

Social Security, Obama and McCain

See the promises made and broken in the introduction and history of FICA (Social Security, Medicare, Medicaid), below.

For you young people: Social Security payments today, are 12.4% of the first $90,000 an individual earns. 6.2% is deducted from the employee paycheck by the government. And, 6.2% is paid by the employer. However, that 6.2% is part of the employer’s cost of an employee. So, that is really their cost that cannot be paid to the employee. Thus, the 12.4% cost is ALL born by the employee. The employee “cost” is just more hidden taxation to deceive the average American, just like business taxes that are part of the cost of producing a product or service, which go onto the spreadsheet when calculating the profit that will justify the investment, in order to set the price. The self-employed or contract worker pays the full 12.4% straight out. Again, it is the consumer or end-user that bears the cost of the tax.

Barack Obama proposes to lift the $90,000 cap on FICA tax eligible earnings. Thus if we acknowledge that the worker bears the entire cost, someone who earns $150,000, will see a 12.4% FICA tax increase on the $60,000, or $7440 in additional taxes under Obama’s proposal. And, even adding this 12.4% to what EVERYONE in America earns over $90,000, the most optimistic liberals say that this additional revenue would almost cover (for a short period of time) the FICA shortfall that is now perched on America’s front porch. Other tax increases, benefit restrictions, and monetary inflation would still be needed to confront the established liabilities.

That is why it is so important that John McCain, who will work stronger than most to contain spending (certainly a great deal more than Bush has) is elected, and Barack Obama , who has promised many billions of dollars in new spending, is not. This urgent need for fiscal sobriety is why a strict conservative like OK Senator Tom Coburn is strongly supporting McCain, even though he has often disagreed with McCain, as many of us have: he knows that McCain is uncommonly strong against profligate spending. An Obama presidency with a Democrat-controlled Congress could make the economic woes of the Jimmy Carter years look like a picnic. Add to that thr damage of an activist judiciary generally and Supreme Court, spefically, and the potential danger to humanity and American security of an imprudent foreign policy. Vote McCain!

-------------------

Franklin Delano. Roosevelt
32nd. President, Democrat
Terms of Office March 4, 1933, to April 12, 1945
Franklin Delano. 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 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 taxe d< span class="Apple-converted-space"> on 85% of the money we paid to the Federal government to < SPAN style="FONT-SIZE: 10pt; COLOR: red">'Put Away' -- you may be interested in the following:


Lyndon Baines Johnson 36th.President, Democrat
Term Of Office: November 22, 1963 to January 20, 1969
Question: Which Political Party took Social Security from the Independent 'Trust Fund' and put it into the General Fund so thatCongress could spend it?
Answer: It was Lyndon B. Johnson
and the democratically Controlled House and Senate.


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

Answer: The Democratic Party.


William Jefferson Clinton
(Bill Clinton)
42nd. President

Democrat
Term of Office: January 20, 1993to January 20, 2001
Albert Arnold Gore, Jr.
(Al Gore)
45th. Vice President

Democrat

Term of Office: January 20, 1993to January 20, 2001
Question: Which Political Party started taxing Social Security annuities?
Answer: The Democratic Party, with Albert Arnold Gore, Jr. (Al Gore) [Vice President
Term of Office: January 20, 1993 to January 20, 2001] casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US .


James Earl Carter, Jr
(Jimmy Carter)
39th. President, Democrat
Term of Office: January 20, 1977 to January 20, 1981 Question:
Which Political Party decided to start giving Annuity payments toimmigrants?
AND MY FAVORITE:
Answer: That's right!
James Earl Carter, Jr. (Jimmy Carter) and the Democratic Party.
Immigrants moved into this country, and at age 65, began to receive Social Security payments!
The Democratic Party gave these payments to them, even though they never paid a dime into it!


Then, after violating the original contract (FICA), 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!
If enough people receive this, maybe a seed of Awareness will be planted and maybe changes will Evolve. Maybe not, some Democrats are awfully Sure of what isn't so.
But it's worth a try. How many people can YOU send this to?

Actions speak louder than bumper stickers.
AND CONGRESS GIVES THEMSELVES 100% RETIREMENT FOR ONLY SERVING ONE TERM!!!


Thomas Jefferson
3rd. President, Democrat
Term of Office: March 4, 1801 to March 4, 1809
'A government big enough to give you everything you want, is strong enough to take everything you have.'
- Thomas Jefferson

12 comments:

Anonymous said...

Hi everybody!

Let me introduce myself,
my parents call me James F. Collins.
Generally I’m a venturesome analyst. recently I take a great interest in online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to find out my particular opinion on famous gambling projects.
Please visit my web site. http://allbestcasino.com I’ll be glad would you find time to leave your comments.

Anonymous said...

blog lock down -
brad yates -
building a chicken coop -
burnthefat -
burn the fat -
carb rotation diet -
combat the fat -
conversationalhypnosis -
conversational hypnosis -
copy n profit -
credit secrets bible -
cure angular cheilitis -
cure morning sickness -
dirty talking guide -
domain tweak system -
dotcom income secrets -
duplicate file cleaner -
earth4energy -
earth 4 energy -
easy launcher -
easy system cleaner -
eatstopeat -
eat stop eat -
eczema free forever -
email finder -
energy 2 green -
error nuker -
evidence smart -
fat burning furnace -
fat loss 4 idiots -
final sync -
fitness model program -
fit yummy yummy -
flattenyourabs -

Anonymous said...

forex enterprise -
governmentregistry -
government registry -
home job stop -
homemadeenergy -
home made energy -
how do i get him back -
hyper vre -
keyword spy pro -
kingdom of pets -
mafia war secrets -
malware bot -
master cleanse secrets -
maternityacupressure -
maternity acupressure -
maximum paid surveys -
meet your sweet -
mobile tv pro -
musclegainingsecrets -
muscle gaining secrets -
my dish biz -
one minute cure -
paid surveys online -
panic away -
pc tv 4 me -
pdf creator -
perfect optimizer -
pick the gender of your baby -
plr wholesaler -
private niche empire -
project quick cash -
public records pro -
pull your ex back -
quick article pro -

Anonymous said...

quit smoking today -
reality creation secrets -
reg clean -
regi cleanse -
registry easy -
registry fix -
registry winner -
reg sweep -
reg tool -
reverse mobile -
reverse phone detective -
richard mackenzie direct -
rich garbage man -
rocket chinese -
rocket french -
seize cars -
shop until you drop -
six figure yearly 2009 -
sleep tracks -
spyware nuker -
spyware stop -
sunshine 4u -
the bad breath report -
the cash1234 system -
thedietsolutionprogram -
the diet solution program -
the free car -
the lazy marketer -
tonsil stones remedies -
truth about abs -
truth about diets -
turbulence training -
vincedelmontefitness -
vince del monte fitness -

Anonymous said...

violin master pro -
warp speed fat loss -
wedding speech 4u -
xp repair pro -
yeast infection no more -
2ip hosting -
10 minute forex wealth builder -
30 minute back links -
500 love making tips -
acid alkaline diet -
advanced defrag -
affiliate jackpot -
anti spyware -
art of approaching -
battery reconditioning -
blogging to the bank -
burnthefat -
burn the fat -
carb rotation diet -
carp evolution -
cb bonus domination -
combat the fat -
content website builder -
conversationalhypnosis -
conversational hypnosis -
cure angular cheilitis -
cure morning sickness -
dirty talking guide -
driver robot -
earth4energy -
earth 4 energy -
easy launcher -
easy system cleaner -

Anonymous said...

eatstopeat -
eat stop eat -
error smart -
evidence eraser -
evidence smart -
fatburningfurnace -
fat loss 4 idiots -
fitness model program -
fit yummy yummy -
flattenyourabs -
flatten your abs -
forex trading machine -
forex trading made ez -
get your exgirlfriend back -
google snatch -
governmentregistry -
government registry -
grow taller 4 idiots -
guy gets girl -
hcg recipes -
homemadeenergy -
home made energy -
how to break 80 -
hyper vre -
instant domain cash -
i software tv -
jamo rama acoustic -
linden method -
lose the back pain -
magni work -
maternityacupressure -
maternity acupressure -
musclegainingsecrets -
muscle gaining secrets -

Anonymous said...

negative calorie diet -
one minute cure -
one week marketing -
only 4 gamers -
paid surveys online -
panic away -
pc on point -
pc tv 4 me -
perfect optimizer -
phone number scan -
pick the gender of your bady -
power 4 home -
profit lance -
public records pro -
quantum mind power -
quit smoking today -
recipe secrets -
reg clean -
regi cleanse -
registry easy -
registry winner -
reg sweep -
reverse mobile -
reverse phone detective -
revolutioniz -
richard markenzie direct -
sale hoo -
simple php -
smtp 2 go -
spyware nuker -
surveys 4 checks -
tax liens made easy -
the bad breath report -
thedietsolutionprogram -

Anonymous said...

the diet solution program -
the handcrafters companion -
the retired millionaire -
the super mind evolution system -
truth about abs -
truth about diets -
turbulence training -
ultimate content creator -
video piggy -
vincedelmontefitness -
vince del monte fitness -
viral tweets -
warp speed fat loss -
webstigate -
win clear -
win spy -
worlds best compost -
xp repair pro -
yeast infection no more -
your approved -
500 love making tips -
acid alkaline diet -
advanced defrag -
amazing resume creator -
anti spyware -
art of approaching -
av advance -
banish tonsil stones -
bookmarking demon -
burnthefat -
burn the fat -
carb rotation diet -
catch spouse cheating -

Anonymous said...

cb affiliate blueprints -
combat the fat -
conversationalhypnosis -
conversational hypnosis -
cure angular cheilitis -
directory of ezines -
dirty talking guide -
dish tv for pc -
dog training online -
domain sales machine -
driver robot -
earth4energy -
earth 4 energy -
easy tech videos -
eatstopeat -
eat stop eat -
error killer -
error smart -
evidence eraser -
evidence smart -
fatburningfurnace -
fat burning furnace -
fatloss4idiots -
fat loss 4 idiots -
fitnessmodelprogram -
fitness model program -
fit yummy yummy -
flattenyourabs -
flatten your abs -
flat to fab -
forex derivative -
gas 4 free -
get better grades -
golf swing guru -

Anonymous said...

governmentregistry -
government registry -
heartburn no more -
homemadeenergy -
home made energy -
hyper vre -
i software tv -
legit online jobs -
linden method -
london forex rush -
master word smith -
maternityacupressure -
maternity acupressure -
max pro system -
meet your sweet -
membership gold rush -
minute sites -
musclegainingsecrets -
muscle gaining secrets -
negative calorie diet -
one minute cure -
one week marketing -
pc on point -
pc tv 4 me -
perfect optimizer -
php link cloaker -
pick the gender of your baby -
profit lance -
public records pro -
quit smoking today -
recipe secrets -
reg clean -
regi cleanse -
registry easy -

Anonymous said...

registry winner -
reg sweep -
reverse mobile -
reverse phone detective -
richard mackenzie direct -
rocket piano -
rocket spanish -
satellite tv to pc -
smtp 2 go -
spam bully -
spyware nuker -
the bad breath report -
thedietsolutionprogram -
the diet solution program -
the stop snoring exercise program -
the super mind evolution system -
trading stock indices -
truth about abs -
turbulencetraining -
turbulence training -
twitter annihilation -
twitter rockstar -
twitter traffic machine -
ultimate content creator -
ultimate font download -
ultimate wow guide -
video piggy -

Anonymous said...

vincedelmontefitness -
vince del monte fitness -
warp speed fat loss -
web investigator -
win clear -
win spy -
yeast infection no more -