I received the following email. Is the information true?
Our Social Security
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 from the participants 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, and,
5.) That the annuity payments to the retirees would never be taxed as income.
The Democratic party is responsible for going back on his word in all these respects--yet say the Republicans are responsible for the Soc. Sec. mess.
2006-12-27
19:18:28
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7 answers
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asked by
Edie B
2