KEEP PASSING THIS AROUND UNTIL EVERYONE 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 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
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?
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?
99% of people won't have the guts to SHARE this.
I'm in the 1%
I JUST DID!
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