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First Social Security recipient put in $24.75 - got back $22,888 (Limbaugh sides with the left?)
Rush Limbaugh .com ^ | 2/04/05 | The Maha

Posted on 02/04/2005 7:47:20 PM PST by Libloather

Now, I got one more thing on this Social Security business. Apparently some people misunderstood what I said when recently discussing the program. I never said that the first recipients didn't get any benefits. What I said was the first recipients didn't pay into the system or very much. The first recipients of Social Security were pretty much near retirement age or were at retirement age when FDR introduced the program. They were the real, true beneficiaries of this program. That's when it took 16 workers to pay the taxes for those people that had not put anything in the system. Now, even though some people have misunderstood this, let's tell you about the first recipient. Ida May Fuller. "On January 31st, 1940, the first monthly retirement check was issued to Ida May Fuller in Vermont. The first monthly check she got was $22.54. She was a legal secretary. She retired in November of 1939, so basically she got her benefits within 60 days of her retirement. She started collecting benefits in January 1940 at age 65. She lived to be 100 years old, dying in 1975. Ida May Fuller worked for three years under the Social Security program.

"The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime, she collected a total of $22,888 in Social Security benefits, paying in $24.75." Now, it was a deal for Ida May Fuller and that's just how Ponzi schemes work! The first participants get huge payouts. That's the lure to suck everybody else in. Of course in this case, the people had no choice. Their taxes were, you know, after World War II, this stuff was all withheld because that's when withholding started was during World War II, and it proved so miraculously favorable to the government that they never rescinded the withholding law and that's how it got started. I never said that the first recipients didn't get any benefits. What sense would that make? The recipient is a beneficiary. You know, I work really hard here for you people not to listen carefully. I say what I mean. I mean what I say, and I love hearing myself say it when I say it. Now, I've just had to spend three minutes here cleaning up on the part of people who didn't hear what I actually said. They only heard what they wanted to hear me say because they think I make mistakes, but I don't.


TOPICS: Crime/Corruption; Culture/Society; Editorial; Government; News/Current Events; Politics/Elections
KEYWORDS: 22; 2475; 888; back; eib; first; got; left; limbaugh; put; recipient; rush; rushisalwaysright; rushisntaliberal; security; sides; social; socialsecurity; with; zot
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To: Libloather
The Left is part of the Vast Right Wing Conspiracy. They just don't know it yet - that they're led around blindfolded by those lousy Freeper Trolls. (wink)

Denny Crane: "There are two places to find the truth. First God and then Fox News."

41 posted on 02/05/2005 1:41:21 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: Blood of Tyrants
Yes! Social Security is basically a con game. The Left would be opposed to it if President Bush proposed it today because it IS a con game. Like DUH.

Denny Crane: "There are two places to find the truth. First God and then Fox News."

42 posted on 02/05/2005 1:43:22 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: Libloather
You have taken one line out of context and COMPLETELY distorted the message. Are you an imbecile or do you simply have an agenda?

People on this cite aren't stupid. It takes one second to expose a post like yours. Why would you bother? You either believe your own words (in which case I seriously question your IQ) or you are a troll (in which case you should be seriously told where to go.)

Intellectual honestly MEANS SOMETHING around here.

43 posted on 02/05/2005 6:00:56 AM PST by N. Beaujon (I)
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To: N. Beaujon; It's me
You have taken one line out of context and COMPLETELY distorted the message.

From the Rush Limbaugh show - and from the Rush Limbaugh transcripts from the Rush Limbaugh website -

You know, folks, I'm sitting here, I'm thinking of a new approach on Social Security. I'm thinking of joining the left. I'm thinking of just agreeing with our friends on the left and doing nothing. Let's just don't do anything, and let's let the program blow up, implode, and go defunct, and then we're rid of it! Yeah, let's just get rid of Social Security. Let's just not do anything and get rid of the program.

If that's what it takes, I'm more than willing to side with the left as well. How about you two?

44 posted on 02/05/2005 6:17:45 AM PST by Libloather (The left is dead! Long live their impeached *King and *Queen!)
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To: Libloather
Your title is very misleading. How so?

You are a GENIUS! You are the Most perceptive, discerning,penetrating ,perspicacious,sharp-witted person who has ever lived !!!!

/sarcasm

45 posted on 02/05/2005 6:22:48 AM PST by Nonstatist
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To: Nonstatist
You are a GENIUS!

About damn time someone said it. Thanks...

46 posted on 02/05/2005 6:26:50 AM PST by Libloather (The left is dead! Long live their impeached *King and *Queen!)
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To: LibertarianInExile

I agree 100% with you. Nevertheless, I understand that we Libertarians are a minority and a huge chunk of the population does like big government. In order to successfully privatize social security and prevent any major catastrophe (like Democrats winning in 2008) during the process we need to gradually phase this system out.


47 posted on 02/05/2005 6:44:40 AM PST by Kurt_D
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To: Libloather

He was joking (I refer to the part you highlighted and evidently took seriously). He called SS a ponzi scheme and was pointing out how the first recipients received a huge amount compared with the little they put in.

Some of us actually heard the show.


48 posted on 02/05/2005 6:51:02 AM PST by cyncooper
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To: cyncooper

"He called SS a ponzi scheme and was pointing out how the first recipients received a huge amount compared with the little they put in."

No question about it!

In a little over 2 years i've collected more than I ever put in.

I started paying into it in 1952 at 14 and rescheduled my income from wages to all rental in 1978 and quit paying into it.

I did it to avoid the payroll taxes not even thinking about collecting anything at the end of the line.


49 posted on 02/05/2005 7:07:17 AM PST by dalereed
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To: Libloather

and I'm gonna win the Lottery!

Too bad you didn't listen to Shaun Hannity last April 1st!


50 posted on 02/05/2005 7:13:07 AM PST by not2worry (What goes around comes around!)
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To: Graybeard58; Libloather

"Libloather is having fun - He/she is not dumb."

Sarcasm on the back of anothers sarcasm sure can stir em up. LOL


51 posted on 02/05/2005 11:15:33 AM PST by Smartaleck (Tom Delay TX ..."Dems have no ideas, no agenda, no solutions.")
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To: N. Beaujon

"People on this cite aren't stupid."

Psst.......it's "site" not cite. :-)


52 posted on 02/05/2005 11:17:19 AM PST by Smartaleck (Tom Delay TX ..."Dems have no ideas, no agenda, no solutions.")
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To: Libloather

So very clearly sarcasm. It's a Rush classic.


53 posted on 02/05/2005 11:35:23 AM PST by Casloy
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