REMEMBER IT WAS THE DEMOCRATS
UNDER
PRESIDENT LYNDON JOHNSON
WITH THE TIE BREAKING VOTE OF AL GORE THAT PUT SOCIAL SECURITY TRUST (slush) FUND INTO THE GENERAL FUND.
NOW OBAMA WANTS YOU TO FEEL THAT
YOUR SOCIAL SECURITY PAYMENT IS NOT YOUR MONEY BUT A GOVERNMENT BENEFIT...
The real reason for renaming
our Social Security payments is so the government can claim that all those
social security recipients are receiving entitlements thus putting them in the
same case as welfare, food stamp recipients.
THIS IS WORTH THE FEW MINUTES IT
TAKES TO READ AND DIGEST!
F.Y.I.
By changing the name of
SS contributions it gives them a means to refute this program in the future. It’s free money for the government to
spend under disguise.
It is really sad to think
that most people will just roll over and accept this as if there is nothing
that can be done, but maybe there is if we make a little noise about our
displeasure with what they have done to today’s retirees. I will pass this
on!!!!!
The Social Security check
is now (or soon will be) referred to as a *Federal Benefit Payment* ???
I'll be part of the one
percent to forward this. I am
forwarding it because it
touches a nerve in me, and I hope it will in you
Please keep passing it on until everyone in our country has read it.
The government is now
referring to our Social Security checks
as a "Federal Benefit Payment."
This isn't a benefit. It is
OUR money paid out of OUR earned income! Not only did we all contribute to
Social
Security but OUR
employers did too.
It totaled 15% of our income
before taxes.
If you averaged $30K per
year over your working life, that's close to $180,000 invested in Social
Security.
If you calculate the future
value of your monthly investment in social
security ($375/month, including both you and your employers contributions) at a meager 1% interest rate compounded monthly,
after 40 years of working you'd have more than $1.3+ million dollars
saved!
This is your personal investment. Upon retirement,
if you took out only 3%
per year, you'd receive $39,318 per year, or $3,277 per month.
That's almost three times
more than today's average Social Security benefit of $1,230 per month,
according to the Social Security Administration. (Google it – it’s a fact). And your retirement fund
would last more than 33 years (until you're 98 if you retire at age 65)! I
can only imagine how much better most average-income people could live in
retirement if our government had just invested our money in low-risk
interest-earning accounts.
Instead, the folks in
Washington pulled off a bigger *Ponzi scheme* than Bernie Madoff ever did.
They took (stole) our money and
used it elsewhere. They forgot (oh yes, they knew) that it was OUR money they
were taking. They didn't have a referendum to ask us if we wanted to lend the
money to them. And they didn't pay interest on the debt they assumed. And
recently they've told us that the money won't support us for very much longer.
(Isn't it funny that they NEVER say this about welfare payments?)
But is it our fault they
misused our investments? And
now, to add insult to
injury, they're calling it a *benefit*, as if we never worked to earn every
penny of it.
Just because they borrowed
the money,
doesn't mean that our
investments were a charity!
Let's take a stand. We have
earned our right to OUR Social Security and Medicare. Demand that our legislators bring some sense into our government.
Find a way to keep Social
Security and Medicare going for the sake of that
92% of our population who need it. Then call it what it is:
Our Earned Retirement
Income.
Oh yes, and DON'T forget;
NO SOCIAL SECURITY FOR
NON-CITIZENS !!!!!
99% of people won't
forward this. Will you?
You can bet I WILL !!!
The Staff: Our government is made up of Cons, thieves, and liars who steal our money. How F-ing stupid are we to put up with this?
No comments:
Post a Comment