george68hemirr
I think you guys are full of shit.
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 GOVERNMENT'S 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, that's 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 employer's
contribution) at a simple 5% interest (less than what the govt. 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.
Another thing with me.... I have two deceased husbands who died in
their 50's, (one was 51 and the other one was 59 before one percent of
their social security could be drawn. I worked all my life and am
drawing 100% on my own social security). Their S.S. money will never
have one
cent drawn from what they paid into S.S all their lives.
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,
doesn't make my benefits some kind of charity or
handout!!
Remember Congressional benefits? --- free healthcare, outrageous
retirement packages, social security and medicare for 12 million
illegal imigrants, 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 payments entitlements?
We're "broke" and we can't help our own Seniors, Veterans, Orphans, or
Homeless. Yet in the last few 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 S.S. income' receive no
additional federal aid nor do they
get any financial breaks, while our government and religious
organizations pour hundreds of
billions of $$$ 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? It was
supposed to be in a locked box, not part of the general fund.
And now when the Republicans hold back on giving the president an open end
on his check book, the first thing he says is that if there is no more money,
he will be forced to stop paying Social Security and Medicare benefits.
Sad isn't it?
99% of people won't have the guts to forward this.
I'm in the 1% -- I just did.
READ IT... THIS IS SURE SOMETHING TO THINK ABOUT!!!!
THE ONLY THING WRONG WITH THE GOVERNMENT'S 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, that's 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 employer's
contribution) at a simple 5% interest (less than what the govt. 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.
Another thing with me.... I have two deceased husbands who died in
their 50's, (one was 51 and the other one was 59 before one percent of
their social security could be drawn. I worked all my life and am
drawing 100% on my own social security). Their S.S. money will never
have one
cent drawn from what they paid into S.S all their lives.
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,
doesn't make my benefits some kind of charity or
handout!!
Remember Congressional benefits? --- free healthcare, outrageous
retirement packages, social security and medicare for 12 million
illegal imigrants, 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 payments entitlements?
We're "broke" and we can't help our own Seniors, Veterans, Orphans, or
Homeless. Yet in the last few 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 S.S. income' receive no
additional federal aid nor do they
get any financial breaks, while our government and religious
organizations pour hundreds of
billions of $$$ 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? It was
supposed to be in a locked box, not part of the general fund.
And now when the Republicans hold back on giving the president an open end
on his check book, the first thing he says is that if there is no more money,
he will be forced to stop paying Social Security and Medicare benefits.
Sad isn't it?
99% of people won't have the guts to forward this.
I'm in the 1% -- I just did.