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.....
SOMETHING TO THINK ABOUT THE ONLY THING WRONG
WITH THIS CALCULATION IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE
THEY COLLECTED THEIR SOCIAL SECURITY! WHERE
DID THAT MONEY GO ?
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 ever
had.
Entitlement!!! No way!!! I paid cash for my
social security insurance!!!!
Just because they borrowed the
money from
the fund - which was promised never to happen - and never paid it back, 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 ......home of bin
Laden.
Literally, BILLIONS of
DOLLARS!!!
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.
I'm one of the 1% --
I Just Did.
Just another day in my
Paradise and you are in my Paradise!
Louise
“If we ever forget that we're one nation under GOD,
then we will be a nation gone under.”
-Ronald Reagan
“If we ever forget that we're one nation under GOD,
then we will be a nation gone under.”
-Ronald Reagan