New Social Security Checks
In response to your history lesson.
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. It is really sad to think that most
people will just roll over and accept this as if there is nothing that can
be done, but maybe there is if we make a little noise about our
displeasure with what they have done to today's retirees. I will pass
this on!!!!
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. 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.
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?
In response to your history lesson.
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. It is really sad to think that most
people will just roll over and accept this as if there is nothing that can
be done, but maybe there is if we make a little noise about our
displeasure with what they have done to today's retirees. I will pass
this on!!!!
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. 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.
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?
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