#3083519 - 12/17/12 01:16 PM
Our Social Security Defined
Sad but true !!|
I didn't earn MY SS Payments??????
This should open a few eyes.
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
THAT MONEY GO?????????????
This was sent to me, I am forwarding it because it does touch a nerve in
This is an example of what Rick Perry called "TREASON in high places" !!! Get angry and pass this on!
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 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.
The folks in Washington have pulled off a bigger Ponzi scheme than
Bernie Madhoff ever had.
Entitlement my butt, I paid cash for my social security insurance!!!! Just
because they borrowed the money, 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,
In the last months we have provided aid to Haiti, Chile , and Turkey .
And now Pakistan ......home of bin Laden. Literally, BILLIONS of
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?
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