Social Security? KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT... THIS IS SURE SOMETHING TO THINK ABOUT!!!! THE ONLY THING WRONG WITH THE GOVERNMENTS CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!! WHERE DID THAT MONEY GO? Remember, not only did you and I contribute to Social Security but your employer did, too. It totaled 15% of your income before taxes. If you averaged only $30K over your working life, thats close to $220,500. Read that again. Did you see where the Government paid in one single penny? We are talking about the money you and your employer put in a Government bank to insure you and I that we would have a retirement check from the money we put in, not the Government. Now they are calling the money we put in an entitlement when we reach the age to take it back. If you calculate the future invested value of $4,500 per year (yours & your employers contribution) at a simple 5% interest (less than what the Government pays on the money that it borrows), after 49 years of working youd have $892,919.98. If you took out only 3% per year, youd receive $26,787.60 per year and it would last better than 30 years (until youre 95 if you retire at age 65) and thats with no interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per year, youd have a lifetime income of $2,976.40 per month. Another thing - if someone died in their 50s or before, they never withdrew one cent of their social security money that they paid into all their lives - so that money just went up in smoke? THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID. Entitlement my foot, I paid cash for my social security insurance! Just because they borrowed the money for other government spending, doesnt make my benefits some kind of charity or handout!! Remember Congressional benefits? --- free healthcare, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days. Now thats welfare, and they have the nerve to call my social security retirement payments entitlements? Were broke and we cant help our own Seniors, Veterans, Orphans, or Homeless. Yet in the last few months we have provided aid to Haiti, Chile, Turkey, Egypt and Pakistan. Literally, BILLIONS of DOLLARS!!! And they cant help our own citizens in New York and New Jersey! They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives, and now, when its time for us to collect, the government is running out of money. Why did the government borrow from it in the first place? It was never supposed to be part of the general fund. Sad isnt it. 99% of people wont have the guts to forward this. Im in the 1% -- I just did
Posted on: Wed, 30 Oct 2013 10:06:28 +0000
Trending Topics
Recently Viewed Topics
© 2015