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- Jun 13, 2009
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While it's true that money was 'borrowed' while there were dem presidents, it is also just as true the same thing happened under republican presidents.
Regan got some
Bush I got some
Bush II got some
I've read Title VIII of the Social Security Act of August 14, 1935. Nowhere did I see anything about it being voluntary. That's just silly to say. If it were voluntary then there would be no need for the lawsuits. Tell me, which political party has been trying to destroy Social Security almost since the day it was created? Republicans started trying to destroy it in 1937. Lookup Helvering v. Davis. Which party has been trying to privatize it? Who says it's a ponzi scheme?
Oh, BTW, the president cannot 'borrow' one cent from the trust fund. Congress does it.
The trust fund has over $2.6 Trillion in it now. Some in the form of treasury bonds.
When I was 18 years old the repubs were telling the same lies they are telling now. Well, it's there for me and it will be there for everybody else unless people fall for the BS the repubs keep telling.
The 2011 tax rate is 4.2 percent for employees, 6.2 percent for employers, and 10.4 percent for self-employed people. I'm looking at a checkstub for Aug 2011. Funny, I see FICA deductions there.
You will have to pay federal taxes on your Social Security benefits if you file a federal tax return as an individual and your total income is more than $25,000. If you file a joint return, you will have to pay taxes if you and your spouse have a total income of more than $32,000.
Beginning in 1984, includes in taxable income up to one-half of Social Security (and railroad retirement tier 1) benefits received by taxpayers whose incomes exceed certain base amounts. Gee, all this time I thought Reagan was president in 1984. Guess I'll have to study my history some more.
It takes a minimum of 40 credits to be eligible for OASI. You can earn a maximum of 4 credits per year so, if it's not too much trouble, could you supply some documentation that immigrants that never paid into Social Security are receiving it now? Honestly, that's just plain false.
All of this information is freely available at the Social Security web site. It took me a total of about 10 minutes to find this. Please, do yourself a favor and get yourself educated in the facts on OASI, DI, FICA. Please.
Neither is guilt free here but you can at the very least be honest about it.
Of course I can't post the web address but it's easy to find. Look for Social Security with your search engine.
The trust fund has over $2.6 Trillion in it now. Some in the form of treasury bonds.
You mean IOUs. Impressive.
Why didnt you mention democrats raising the taxes on SS twice? Just curious.................