THIS WAS SENT TO ME VIA MY MOM..... PISSED ME OFF Subject: Social Security Checks ... a must read! Before reading the information below, Id like to share an incident that happened to me a couple months ago at a Walgreens. My husband had a new prescription that cost over $200. I have the Balance Rewards card from Walgreens, which honors prescriptions as well as other purchases. So, I asked for the Balance Rewards for this prescription to be added to my Rewards account. The pharmacist said she couldnt because I was paying for it with an entitlement. I explained that we have never been on any kind of entitlement program. She stated that Social Security and Medicare are entitlements. I tried not to come unglued, but told her nicely that my husband and I had earned our Social Security and Medicare with money paid into these accounts each and every payday. She said she understood, but it was now called an entitlement, and I couldnt get the Rewards points. I could care less about the Rewards points, but was livid that the government now called Social Security (that we paid into all our lives) an entitlement! To be fair to Walgreens, the pharmacist said that this was a federal law -- that no one on an entitlement can benefit from those payments in any way...getting reward points. Wow! The government has their hands in everything! Anyway, now please read the item below... If you get any Social Security at all in any manner, you might want to read. Did you know this? Unfortunately most did not, and I am one of those whose Social Security funds are direct deposited to my bank, thus, I never see the checks. Once again, our beloved congressmen are playing fast and loose with vernacular. What motive did they have for changing the name of our Social Security? Im sure they have a plan, and it wont be to our betterment. Here we go. JUST REALIZED THAT WITH REQUIRED AUTO DEPOSIT, I NEVER GET TO SEE THE CHECK .... ALERT EVERYONE YOU NOW. THIS AFFECTS ALL OF US.* *Subject:* SOCIAL SECURITY becomes FEDERAL BENEFIT CHECK. Have you noticed, the Social Security check is now referred to as a Federal Benefit Payment? Ill be part of the one percent to forward this. I am forwarding it because it touches a nerve in me, and I hope it will in you. Please keep passing it on until everyone in our country has read it ... The government is now referring to our Social Security checks as a Federal Benefit Payment. This isnt a benefit. It is earned income! Not only did we all contribute to Social Security but our employers did too. It totaled 15% of our income before taxes. If you averaged $30 K per year over your working life, thats close to $180,000 Invested in Social Security. If you calculate the future value of your monthly investment in social security($375/month, including both your and your employers contributions) at a meager 1% Interest rate compounded monthly, after 40 years of working youd have more than $1.3+ million dollars saved! This is your personal investment! Upon retirement, if you took out only 3% per year, youd receive $39,318 per year, or $3,277 per month. Thats almost three times more than todays average Social Security benefit of $1,230 per month, according to the Social Security Administration (Google it - its a fact). And your retirement fund would last more than 33 years (until youre 98 if you retire at age 65)! I can only imagine how much better most average-income people could live in retirement if our government had just invested our money in low-risk interest-earning accounts .... Instead, the folks in Washington pulled off a bigger Ponzi scheme than Bernie Madoff ever did. They took our money and used it elsewhere. They forgot (Knew) that it was OUR money they were taking. They didnt have a referendum to ask us if we wanted to lend the money to them. And they didnt pay interest on the debt they assumed. And recently, theyve told us that the money wont support us for very much longer. But is it our fault they misused our investments? And now, to add insult to injury, theyre calling it a benefit, as if we never worked to earn every penny of it. Just because they borrowed (STOLE) the money, doesnt mean that our investments were a charity!
Posted on: Tue, 08 Jul 2014 03:11:51 +0000
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