THIS IS  SURE SOMETHING TO THINK 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.

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 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.

 

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 sure rushed to  help  Katrina victims in 10  days!!!!!  

I guess minorities have more  clout!

 

Our retired seniors living on a 'fixed  S.S. income' receive no  additional federal aid nor do  they get any financial breaks, while  our government and  religious organizations pour hundreds of  billions of  $$$ 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?

It  was  supposed to be in a locked box, not part of the general fund.

 

 

Sad  isn't it.