KEEP
PASSING THIS AROUND UNTIL EVERY ONE 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.
Another thing with me.... I have
two deceased husbands who died in their 50's, (one was 51 and the other one was
59 before one percent of their social security could be drawn.
I worked all my life and am
drawing 100% on my own social security).
Their S.S. money will never have
one cent drawn from what they paid into S.S. all their lives.
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? We're "broke" and we can't help our own Seniors,
Veterans, Orphans, or Homeless. Yet in the last few months we have provided aid
to Russia, Haiti, Chile and Turkey. And now Pakistan......former home of bin
Laden. Literally, BILLIONS of DOLLARS!!! And they can't help our own citizens
in New York and New Jersey!
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 forward this.
I'm in
the 1% --
I just
did.
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