From: Roy Pilgrim < email@example.com>
Sent: Jan 21, 2016 6:29 AM
Subject: Fwd: Interesting.. Social SecuritySent to me by a friend.RPThis is so maddening. Almost puts me in a rage.Frustrating, but give it to God, folks. He will take care of it!
Who died before they collected Social Security?
KEEP PASSING THIS AROUND UNTIL
EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT…
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 me 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.
THE FOLKS INWASHINGTON
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 the benefits for members of Congress?
+ 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?
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?
99% of people won’t have the guts to forward this.
Next time you see your US REPRESENTATIVE AND/OR SENATOR ask him/her what do they think of this information!!!!!!
This is ELECTION TIME so PLEASE forward to relatives and friends and ask them to do the same.
This makes me UPSET every time I hear a representative/senator say “WE MUST GET A HANDLE ON THE ENTITLEMENTS OR WE WILL GO BROKE”. Last time I looked at my checkbook, I paid my part for SOCIAL SECURITY AND MEDICARE!!!!!! You might tell OUR REPRESENTATIVE/SENATOR they need to get A HANDLE ON SPENDING!!!!!!! Just look at the last budget that was just signed by the PRESIDENT. It is going put the USA in a TRILLION DOLLAR DEFICIT. This BUDGET was past by the SENATE/HOUSE in the MIDDLE OF THE NIGHT. What does that tell you!!!!!