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.....
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?????????????
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.
The folks in Washington have pulled off a bigger Ponzi scheme than
Bernie Madhoff ever had.
Entitlement my ass, 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!!!
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.
I'm one of the 1% -- I Just Did.
[Ed: Forwarded to us from Loye and Connie Wilkins]
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