Who died before they collected Social Security? Something to think about....Social Security is YOUR money and the Govt spent it. The governments calculation of available social security did not include the people who DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK! WHERE DID THAT MONEY GO? They stole it You and your employer paid it and it totaled 15% of your income before taxes. If you averaged only $30K over your working life, thats close to $220,500. We are talking about the money you and your employer put in a Government bank to insure you and I would have a retirement check from the money WE put in. 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. THE THIEVES IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID. Entitlement my foot; Just because they borrowed the money for other government spending, doesnt make OUR benefits some kind of charity 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 OUR ocial security retirement payments entitlements? 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.
Posted on: Mon, 17 Mar 2014 12:22:30 +0000
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