Thursday, October 24, 2013

When people say Social Security had the same problems rolling out as Obamacare they're lying.

When people say Social Security had the same problems rolling as Obamacare they're lying.Social Security existed quite few years before any payouts went into effort,indeed,the act was passed in 1935,it took a few years for government to set up payroll tax deduction,and there is no payouts until 1942 when the first payment 22 dollars was maked,plus no federal workers and most state and local worker were exempt from Social Security(for example workers for New York City were exempt from Social Security until city almost went broke in 1970's,Federal workers were exempt from Social Security until the 1980's.)
By the way,the original idea of Social Security wasn't an old age pension,but rather way to get out the depression.The idea come from unemployment dentist Francis Townsend.His idea was made people retire at 60,in exchange they would get 200 dollars a month,but they had spent within a month.The plan would finance by a national sales tax of 2 percent.Townsend saw Social Security has sell out to his idea,indeed,he support a third party candidate for President in 1936.He supported a former Congressman from North Dakota William Lemke,who close to non-partisan league which believe in nationalizing Elevator gain and isolationist in foreign policy.It was Union Party which created for Hucy Long but he was assassinated in 1935. 

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