Monday, July 30, 2012

Social Security - Emtitlement checks?

> SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT' /ENTITLEMENT!
>
> Have you noticed, your Social Security check is now referred to as a
> "federal benefit payment"?
>
> I'll be part of the one percent, to forward this, our government gets
> away with way too much in all areas of our lives, while they live
> lavishly on their grossly overpaid incomes! KEEP passing THIS AROUND
> UNTIL EVERY ONE HAS READ IT.....
>
>
> This was sent to me, I am forwarding it because it does touch a nerve in me.
>
>
> 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.
>
> Entitlement my butt, I paid cash for my social security insurance!!!!
> Just because they borrowed the money, doesn't make my 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 my
> social security retirement entitlements?
>
> We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless.
>
> In the last months we have provided aid to Haiti , Chile , and Turkey .
> And now Pakistan .......former hideout of bin Laden. Literally,
> BILLIONS of DOLLARS!!!
>
> Our retired seniors living on a 'fixed income' receive no aid nor do
> they get any breaks while our government and religious organizations
> pour Hundreds of Billions of $$$$$$'s 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? Imagine if the
> *GOVERNMENT* gave 'US' the same support they give to other countries.
>
> Sad isn't it?
>
> 99% of people won't have the guts to forward this.

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