Social
Security
A woman dies at age 65 before
collecting one benefit check. She and her employer paid into the system for
almost 50 years and she collected NOTHING!
Keep in mind all the working
people that die every year who were paying into the system and got
nothing!
And these governmental morons
mismanaged the money and stole from the system, so that it's now going
broke.
BEAUTIFUL! and they have the
audacity to call today's seniors "vultures" in an attempt to cover their
ineptitude.
DISGRACEFUL!
The real reason for renaming our
Social Security payments is so the government can claim that
all those social security
recipients are receiving entitlements thus putting them in the same
case as welfare, food stamp
recipients.
THIS IS WORTH THE FEW MINUTES IT
TAKES TO READ AND DIGEST!
FY.I. By changing the name of SS
contributions it gives them a means to refute this program in the
future.
It's free money for the government
to spend under this guise.
The Social Security check is now
(or soon will be) referred to as a *Federal Benefit Payment*
?
I'll 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 isn't a benefit. It is our
money paid out of our 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 $30K per year over
your working life, that's 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 you
and your employers contributions) at a meager 1% interest rate compounded
monthly, after 40 years of working you'd have more than $1.3+ million dollars
saved!
This is your personal investment. Upon
retirement, if you took out only 3% per year, you'd receive $39,318 per
year, or $3,277 per
month.
That's almost three times more
than today's average Social Security benefit of $1,230 per month, according to
the Social Security Administration. (Google it – it's a fact).
And your retirement fund would
last more than 33 years (until you're 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. (Lyndon
Johnson)
They took our money and used it
elsewhere. They forgot (oh yes, they knew) that it was OUR money they were
taking. They didn't have a referendum to ask us if we wanted to lend the money
to them. And they didn't pay interest on the debt they assumed. And recently
they've told us that the money won't support us for very much longer.
(Isn't it funny that they NEVER say this
about welfare payments?)
But is it our fault they misused
our investments? And now, to add insult to injury, they're calling it a
*benefit* , as if we never worked to earn
every penny of it.
Just because they borrowed the
money, doesn't mean that our investments were a
charity!
Let's take a stand. We have earned
our right to Social Security and Medicare.. Demand that our legislators bring
some sense into our government.
Find a way to keep Social Security
and Medicare going for the sake of that 92% of our population who need
it.
Then call it what it is:
Our Earned Retirement Income .
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