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Monday, April 30, 2012
SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT'/ENTITLEMENT!
Have you noticed, your Social Security check is now referred to as a "federal benefit payment"?
Our government gets away with way too much in all areas of our lives, while they live lavishly on their grossly overpaid incomes!
SOMETHING TO THINK ABOUT THE ONLY THING WRONG WITH THIS CALCULATION IS
THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY COLLECTED THEIR SOCIAL SECURITY!!!! WHERE DID THAT MONEY GO?????????????
This was sent to me, I am Publishing it because it does touch a nerve in me.
This is another example of what Rick Perry called "TREASON in high
places" !!! Get angry and pass this on!
Remember, not only did you 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, that's close to $220,500.
If you calculate the future value of $4,500 per year (yours & your
employer's contribution) at a simple 5% (less than what the government
pays on the money that it borrows), after 49 years of working you'd have
$892,919.98.
If you took out only 3% per year, you'd receive $26,787.60 per year and
it would last better than 30 years (until you're 95 if you retire at age
65) and that's with no interest paid on that final amount on deposit! If
you bought an annuity and it paid 4% per year, you'd have a lifetime
income of $2,976.40 per month.
The folks in Washington have pulled off a bigger Ponzi scheme than Bernie
Madhoff ever had.
Entitlement my butt, I paid cash for my social security insurance!!!!
Just because they borrowed the money, doesn't make my benefits some kind
of charity or handout!!
Congressional benefits = free healthcare, outrageous retirement
packages, 67 paid holidays, three weeks paid vacation, unlimited paid
sick days, now that's welfare, and they have the nerve to call my
social security retirement entitlements?
We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless.
In the last months we have provided aid to Haiti, Chile , and Turkey .
And now Pakistan ......home of bin Laden. Literally, BILLIONS of
DOLLARS!!!
Our retired seniors living on a 'fixed income' receive no aid nor do they
get any breaks while our government and religious organizations pour
Hundreds of Billions of $$$$$$'s and Tons of Food to Foreign Countries!
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 it's time
for us to collect, the government is running out of money. Why did the
government borrow from it in the first place? Imagine if the *GOVERNMENT*
gave 'US' the same support they give to other countries.
Sad isn't it?
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1 comment:
I, just like everyone else, receive an earnings statement from Social Security every year. I actually read mine. And I actually piss and moan and swear after I have read it. Oh, my God; how much money could I have now if I had been allowed to just put it in a savings account as I earned it rather than turning it over to the government. Almost all of mine was self-employment income so I paid the whole 15% myself, not an employer. And if happen to die within the next 18 months it will all be for naught. My heirs don't get it, it just goes back to the government. The whole thing was a lie from the very beginning.
I've also got something to say about the above post about Obama but I had better think about it before I say something that will piss off everybody.
Your friend,
Slim
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