I LOVE THESE, I COULD NOT HAVE WRITTEN THIS, BUT, I DO FEEL THE PAIN, ESPECIALLY FOR MY GRANDCHILDREN - Thank you Senator Ted Cruz for your efforts! SO NOBODY FORGETS AT ELECTION TIME !!!! THE ONLY THING WRONG WITH THE GOVERNMENTS 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, thats 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 employers contribution) at a simple 5% interest (less than what the Government pays on the money that it borrows), after 49 years of working youd have $892,919.98. If you took out only 3% per year, youd receive $26,787.60 per year and it would last better than 30 years (until youre 95 if you retire at age 65) and thats with no interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per year, youd have a lifetime income of $2,976.40 per month. A quote from a retired woman: “Another thing with me.... I have two deceased husbands who died in their 50s, (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, doesnt 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 thats welfare, and they have the nerve to call my social security retirement payments entitlements? Were broke and we cant 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 cant 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 its 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. This email was cleaned by emailStripper, available for free from papercut.biz/emailStripper.htm P.S. FOR THOSE TOO YOUNG TO REMEMBER OR OLDSTERS THAT WANT TO FORGET........... THANKS TO FORMER DEMOCRATIC PRESIDENT BILL CLINTION IN HIS ATTEMPT, WITH THE HELP OF CONGRESS, TO PASS A BALANCED BUDGET TOOK THE SOCIAL SECURITY FUND AND DEPOSITED IT IN THE GENERAL FUND. HE GAVE THE SOCIAL SECURITY FUND A WORTHLESS I.O.U. AND NOW THE GENERAL FUND IS SPENT ALONG WITH OUR SOCIAL SECURITY FUND DOLLARS!!!!! THE DEMOCRATS STILL CONTINUE TO PREACH ITS EASY TO SPEND, WHEN ITS NOT YOUR MONEY!!!!!
Posted on: Fri, 18 Oct 2013 20:12:14 +0000