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.
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
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 Haiti, Chile and Turkey.
And now
Pakistan......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.
So now where did all this money go?