Time for Congress to Pay it's Debt's

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Do not forget the interest!!!

...and while you are at paying back, please payback our Medicare and STOP giving these funds away to folks who did not contribute!!

Social Security

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Thank you Bruce

A woman died at age 65.  She paid into the system for almost 50 years and collected NOTHING?  Keep in mind all the people that die every year that 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!

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 (share) 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 Income

Fix our Deficit and Congress

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I recently received an email with some of the below information included.  After checking with Snoops.com to verify the quote by Warren Buffett – thought it was worthwhile sharing on this Blog.

Please let us know what you think.  Thanks

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Warren Buffett said during on July 7, 2011 in interview with CNBC’s Becky Quick:

“I could end the deficit in 5 minutes.  You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election”. (Verified at Snoops.com

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The 28^th Amendment concept has been around since at least 2009 and has had more than one name – though recently it has been the Congressional Reform Act (2010, 2011, 2012 and probably 2013).  I support this concept and believe it is long overdue and probably the first or second step in cleaning up the mess that has been created during the past several decades.

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Congressional Reform Act (AKA 28^th Amendment, etc.)

1. No Tenure / No Pension.

A Congressman/woman collects a salary while in office and receives no pay when they're out of office.

2. Congress (past, present & future) participates in Social Security.

All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.

3. Congress can purchase their own retirement plan, just as all Americans do.

4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in the same health care system as the American people.

6. Congress must equally abide by all laws they impose on the American people.

7. All contracts with past and present Congressmen/women are void effective upon signing of the bill. The American people did not make this contract with Congressmen/women.

Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and back to work.

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If each person contacts a minimum of twenty people then it will only take three days for most people (in the U.S.) to receive the message. Don't you think it's time?

THIS IS HOW YOU FIX CONGRESS!

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National Save for Retirement Week

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By Terry Orr

Did you know that to live comfortably during retirement you will need from 80 percent to 100 percent of your pre-retirement income?

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Your defined benefit or defined contribution plan and Social Security are a foundation. But you will need savings to fulfill your retirement dreams.

The U.S. Congress thinks it's so important that Americans reflect on their personal retirement goals - and determine if they're on target to reach those goals - that the lawmakers designate one week in October to focus on the issues.

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Goals for National Save for Retirement Week:

• Make employees more aware of how critical it is to save now for their financial future;
• Promote the benefits of getting started saving for retirement today; and
• Encourage employees to take full advantage of their employer-sponsored plans by increasing their contributions.

Saving is The Key

• Nest eggs require many years to build;
• People are living longer: retirement can now last 20 – 30 years;
• Many employers will provide a match for your retirement contribution to help motivate you to contribute; and
• Saver’s Credit. For those with limited income, saving can be especially hard. The government has a special Saver’s Credit just for those individuals. If you are eligible, you can actually receive some of your contribution money back when you file your tax return.

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How much should you save? – Here are guidelines provided by the National Association of Government Defined Contribution Administrators (NAGDCA):

• In your 20’s, save 7% of you salary;
• In your 30’s, save 10% of your salary;
• In your 40’s, save 15% of your salary; and
• In your 50’s, save 20% of your salary.

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References and Links:

• http://www.pentegra.com/media/26560/investstrategy_nationalsave.pdf
• http://www.nlc.org/media-center/news-search/national-save-for-retirement-week-a-time-to-focus-on-saving
• http://www.iamagazine.com/NewsViews/2012/October_18/Big-I-Retirement.aspx
• https://www.metlife.com/retirement-plan-edge/issues/2012-Q3/save-for-retirement-week.html
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SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT/ENTITLEMENT'

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By Akindman

(I received this email earlier today, verified with Snoops to be true and wanted to share it with you.)

SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT/ENTITLEMENT'

Have you noticed, your Social Security check is now referred to as a "federal benefit payment"?

Remember, not only did you 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.

If you calculate the future value of $4,500 per year (yours & your employer's contribution) at a simple 5% (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 Madhoff.

Social Security is not an entitlement. We paid cash for our Social Security insurance!!!! Just because they borrowed the money, doesn't make our benefits some kind of charity or handout!!

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 our social security retirement 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?

Really sad isn't it?

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