Sharing
an important email
Once again, thank you
Bruce
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.
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!
F.Y.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.
(This should be
enough for you to forward this message, If not read on.)
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.
99% of people won't forward this.
Will you?
