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, 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.
Sad isn't it?
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