theREALnews
July 17, 2011
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Debt Ceiling Debate "Fraud"
David Swanson : polling shows majority of Americans want to tax the rich and cut the military before making social program cuts
Bio
David Swanson is the creator of ImpeachCheney.org, co-founder of AfterDowningStreet.org and Washington Director of Democrats.com A writer and organizer, Swanson has worked for ACORN, the International Labor Communications Association, Dennis Kucinich 's 2004 presidential campaign and many others.
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LATINOS FOR HONEST GOVERNMENT
July 20th, 2011
"the price good men pay for ignoring public affairs is that they are ruled by evil men." (PLATO).
1935 Social Security Act.
This is not a welfare check that retirees workers receive. this is a payment for their contribution they made to this trust fund create by this United States Government. By law this is an obligation of this Government to pay the US workers that retire in compliance with the law, this payment is a return of their contribution to the Social Security trans-fund.
Obama, the scam and pathological liar that we have as President recent comments said that he cannot guarantee that Social Security checks will go out if the debt ceiling doesn’t get raised, it’s time to take a closer look at why politicians are pushing to cut this vital program.
This is the truth about the Social Security.
Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) program, and he promised:
1- that the money the participants put into the program"Social Security trust fund" rather than into the general operating fund will make an independent trust fund to be use to fund the Social Security Retirement Program and no any other Government programs.
2- payments to the retirees would never be taxed as income.
3- Lyndon B Johnson a Democrat took the Social Security from the independent trust fund and put it into the general fund so congress could spend it.
4- Democrats eliminated the income tax reductions for social security (FICA) withholding
5- Democrats started taxing Social Security payments.
6- Jimmy Carter a Democrat start giving Social Security checks to Immigrants that move to our country and are 65 years old, but never contribute to the social security system a dime.
7- As of the end of calendar year 2010, the accumulated surplus stood at just over $2.6 trillion.
8- Projections are that current receipts will continue to exceed expenditures until 2017. Thereafter, there will be a shortfall that will be made up by withdrawals from the Trust Fund, although the Trust Fund will continue to show net growth until 2025 because of the interest generated by its bonds.
9- The Trust Fund will gradually be drawn upon to cover the difference between tax receipts and benefit payments. It will be completely depleted by 2042.
Now Obama the great deceiver, the biggest scam that Americans elected to office, is telling the retirees that contributed to the system, that the Republicans want to take their Social Security Check away.
Please, Fellow Tea party patriots. we have to call the Democrats what they are; they are Socialist Marxist traitors ours is a Republic a nation that stand for freedom and self determination. Obama with Congress's okay has borrowed and spend more that all the other presidents combined. Obama think that we can spend our way out of this huge debt, he is wrong, this man lack commonsense; Rome fall because huge expending and taxation, England in 1900 was rich and prosperous, WW 1 and Socialism broke England. Today we have both Socialism and a huge debt it will destroy our country for sure, if we are not willing to put stop to this Obama expending frenzy; eventually we will see our country fall and we will not have any one to blame but ourselves.
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