Social Security Outlays Will Exceed Revenue For The First Time In 25 Years

A report from the Congressional Budge Office (CBO) which confirms that in 2010, Social Security outlays will exceed revenue for the first time in 25 years.  The CBO report shows that Social Security will earn $120 billion in interest on its trust fund, which would seem to cover its $92 billion surplus.  The interest does not constitute funds with which to pay benefits.  It is nothing more than IOUs from the Treasury which is broke.

Just in case some of you young Americans  (& some older ones) didn't know this. 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 Democrat of Republican.  Facts are facts!!!

Your Social Security :

Congress gives themselves 100% retirement for serving only 1 term.

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 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.                                                                   

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 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 in to the General Fund so that Congress could spend it? 

 A: It was Lyndon Johnson and the Democratically- controlled House and Senate.

Q: Which political party eliminated the income tax deduction for Social Security (FICA) withholding?

A: The Democratic Party.

Q: Which political party started taxing Social Security annuities? 

 A: The Democratic Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the U.S.

Q: Which political party decided to start giving annuity payments to immigrants?

A: That's right! Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, they 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!

 “Until this year, Social Security was a problem for the future.  Now it’s a problem for the present.”  Hopefully socialist Barack Hussein Obama gets the message and pursues the necessary measures to properly address this event.

Comment here and email us at YourVoice@speaknowconservatives.org . Help us and be part of bringing our Great Christian country back.

Moms, Dads, Grandparents we started a forum just for you!! Visit MomsandDadsBeHeard.Org soon! 2010 is a MUST year to be involved. No longer can we sit back and allow our rights to disappear. The 2010 elections will be the deciding factor. Get involved, speak out!

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