Neither political
party is clean on this issue AND many more issues that are troubling us today.
In six words: BOTH THE DEM's & GOP SUCK! That’s how I see it and I’m
stickin’ to it. Incidentally, the author of this piece is RIGHT ON TARGET!
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. 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
employer's contribution) at a simple 5% interest (less than what the govt. 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.
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.
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