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withholding started was during World War II, and it proved so miraculously favorable to the government that they never rescinded the withholding law and that's how it got started.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.
BREAK TRANSCRIPT
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. (Laughter). Now, don't panic in there, Mr. Snerdley. I'm just making a point. Agree with the left, don't do anything, and let the program go under. We got too many government programs as it is. Don't you agree with that? All right. All right. Nothing else needs to be said.
It's called sarcasm.
No, it's sarcasm.
Your title is very misleading.
How so?
my head hurts!
i heard rush do that segment, and it was excellent, as always.
as he said, some people had already called up accusing him of saying stuff he didn't say.
and so here, too.
I do believe El Rushbo was indulging in a little sarcasm
Got'cha to read it, din'nit....
Straight from the transcript on El Rushbo's own website -
"I'm thinking of joining the left."
And that shows again that the Right is more humane than the Left. Privatizing social security is nothing else but a sincere effort to SAVE the system. It has always been said that us in the Right have the brains, and our friends in the Left have the hearts. On this one we have the exclusivity on BRAINS and HEARTS.
Social Security is a great program that's what all the congresscritters depend on for their retir........doh !
Straight from the transcript on El Rushbo's own website -
"I'm thinking of joining the left."
Did you listen to the show, or just read the transcript?
He said he was thinking of joining the left, so Social Security would be destroyed once and for all.
So he DID say it! (I thought I was just hearing things...)
Brains say "abolish it".
As a chapter of his first book (The Way Things Ought To Be) was titled, Rush was just "Demonstrating Absurdity by Being Absurd."
Abolition is a rather harsh term. I would settle for gradual PRIVATIZATION. The goal should be, nevertheless, a COMPLETE privatization. In other words, private retirement funds instead of state-sponsored social security.
No - it's called sarcasm. Good grief.
Once again: It's called sarcasm.
Do you not know what a Ponzi scheme is? It is basically a pyramid scheme invented by a con man about 100 years ago.
BUMP!
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