Who died before they could draw
their Social Security
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 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.