Vincent
04-03-2010, 02:27 PM
This gives us a glimpse of what will come with gubmint "health care". History repeats.
Oh. Except with "health care", they get to kill you.
http://www.congress.org/congressorg/bio/userletter/?letter_id=4726967616
Subject: Social Security....why can't you undo what’s already been done to ruin it
To:
President Barack Obama
Sen. Charles Schumer
Sen. Kirsten Gillibrand
Rep. Maurice Hinchey
February 24, 2010
WHAT A COMPARISON
Why did Bernie Madoff go to prison? To make it simple, he talked people into investing with him. Trouble was, he didn't invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going. Next thing you know Madoff is one of the most hated men in America and he is off to jail.
Some of you know this .. but not enough of you . Madoff did to his investors what the government has been doing to us for over 60 years with Social Security. There is no meaningful difference between the two schemes ... except that one was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions.
Do you need a side-by-side comparison here? Well here's a nifty little chart.
Bernie Madoff........Takes money from investors with the promise that the money will be invested and made available to them later
Social Security........Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" and made available later.
Bernie Madoff.......Instead of investing the money, Madoff spends it on nice homes in the Hamptons and yachts.
Social Security..............Instead of depositing money in a Trust Fund the politicians use it for general spending and vote buying.
Bernie Madoff............. When the time comes to pay the investors back Madoff simply uses some of the new funds from newer investors to pay back the older investors.
Social Security.............When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the geezers.
Bernie Madoff......... When Madoff's scheme is discovered all hell breaks loose. New investors won't give him any more cash.
Social Security............When Social Security runs out of money they simply force the taxpayers to send them some more.
Bernie Madoff is in jail. Politicians remain in Washington.
Your Social Security
Just in case some of you young whippersnappers (& some older ones) didn't know this. It's easy to check out, if you don't believe it.
Be sure and show it to your kids. They need a little history lesson on what's what and it doesn't matter whether you are Donkey or Elephant. Facts are Facts!!!
Our Social Security
Franklin Roosevelt, a Donkey, introduced the Social Security (FICA) Program. He promised:
1.) That participation in the Program would be Completely voluntary.
No longer Voluntary
2.) That the participants would only have to pay 1% of the first $1,400 of their annual Incomes into the Program,
Now 7.65% on a >$100,000
3.) That the money the participants elected to put into the Program would be deductible from their income for tax purposes each year.
No longer tax deductible
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,
Under Johnson the money was moved to The General Fund and Spent
5.) That the annuity payments to the retirees would never be taxed as income.
Under Clinton & Gore up to 85% of your Social Security can be Taxed
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 Social Security from the independent 'Trust Fund' and put it into the general fund so that Congress could spend it?
A: It was Lyndon Johnson and the donkey controlled House and Senate.
------------ --------- --------- --------- --------- --------- --------- --
Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?
A: The donkeys.
------------ --------- --------- --------- --------- --------- --------- -----
Q: Which Political Party started taxing Social Security annuities?
A: The donkeys, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US
------------ --------- --------- --------- --------- --------- --------- -
AND ALL OF OUR FAVORITE:
Q: Which Political Party decided to start giving annuity payments to immigrants?
A: Jimmy Carter and the donkeys - immigrants moved into this country, and at age 65, began to receive Social Security payments! The donkeys gave these payments to them, even though they never paid a dime into it!
------------ -- ------------ --------- ----- ------------ --------- ---------
Then, after violating the original contract (FICA), the donkeys turn around and tell you that the elephants want to take your Social Security away! And the worst part about it is uninformed citizens believe it!
A government big enough to give you everything you want, is strong enough to take everything you have. -Thomas Jefferson
Oh. Except with "health care", they get to kill you.
http://www.congress.org/congressorg/bio/userletter/?letter_id=4726967616
Subject: Social Security....why can't you undo what’s already been done to ruin it
To:
President Barack Obama
Sen. Charles Schumer
Sen. Kirsten Gillibrand
Rep. Maurice Hinchey
February 24, 2010
WHAT A COMPARISON
Why did Bernie Madoff go to prison? To make it simple, he talked people into investing with him. Trouble was, he didn't invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going. Next thing you know Madoff is one of the most hated men in America and he is off to jail.
Some of you know this .. but not enough of you . Madoff did to his investors what the government has been doing to us for over 60 years with Social Security. There is no meaningful difference between the two schemes ... except that one was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions.
Do you need a side-by-side comparison here? Well here's a nifty little chart.
Bernie Madoff........Takes money from investors with the promise that the money will be invested and made available to them later
Social Security........Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" and made available later.
Bernie Madoff.......Instead of investing the money, Madoff spends it on nice homes in the Hamptons and yachts.
Social Security..............Instead of depositing money in a Trust Fund the politicians use it for general spending and vote buying.
Bernie Madoff............. When the time comes to pay the investors back Madoff simply uses some of the new funds from newer investors to pay back the older investors.
Social Security.............When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the geezers.
Bernie Madoff......... When Madoff's scheme is discovered all hell breaks loose. New investors won't give him any more cash.
Social Security............When Social Security runs out of money they simply force the taxpayers to send them some more.
Bernie Madoff is in jail. Politicians remain in Washington.
Your Social Security
Just in case some of you young whippersnappers (& some older ones) didn't know this. It's easy to check out, if you don't believe it.
Be sure and show it to your kids. They need a little history lesson on what's what and it doesn't matter whether you are Donkey or Elephant. Facts are Facts!!!
Our Social Security
Franklin Roosevelt, a Donkey, introduced the Social Security (FICA) Program. He promised:
1.) That participation in the Program would be Completely voluntary.
No longer Voluntary
2.) That the participants would only have to pay 1% of the first $1,400 of their annual Incomes into the Program,
Now 7.65% on a >$100,000
3.) That the money the participants elected to put into the Program would be deductible from their income for tax purposes each year.
No longer tax deductible
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,
Under Johnson the money was moved to The General Fund and Spent
5.) That the annuity payments to the retirees would never be taxed as income.
Under Clinton & Gore up to 85% of your Social Security can be Taxed
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 Social Security from the independent 'Trust Fund' and put it into the general fund so that Congress could spend it?
A: It was Lyndon Johnson and the donkey controlled House and Senate.
------------ --------- --------- --------- --------- --------- --------- --
Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?
A: The donkeys.
------------ --------- --------- --------- --------- --------- --------- -----
Q: Which Political Party started taxing Social Security annuities?
A: The donkeys, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US
------------ --------- --------- --------- --------- --------- --------- -
AND ALL OF OUR FAVORITE:
Q: Which Political Party decided to start giving annuity payments to immigrants?
A: Jimmy Carter and the donkeys - immigrants moved into this country, and at age 65, began to receive Social Security payments! The donkeys gave these payments to them, even though they never paid a dime into it!
------------ -- ------------ --------- ----- ------------ --------- ---------
Then, after violating the original contract (FICA), the donkeys turn around and tell you that the elephants want to take your Social Security away! And the worst part about it is uninformed citizens believe it!
A government big enough to give you everything you want, is strong enough to take everything you have. -Thomas Jefferson