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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
