Sat Mar 23, 2024 11:33 pm by globalturbo
SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT/ENTITLEMENT!
Have you noticed, your Social Security check is now referred to as
a ”federal benefit payment”? I’ll be part of the one percent, to forward
this, our government gets away with way too much in all areas of our
lives, while they live lavishly on their grossly overpaid incomes! KEEP
passing THIS AROUND UNTIL EVERY ONE HAS READ IT…..
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 DID THAT MONEY GO????????
This is another 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
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 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 and wasted it,
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, Homeless.
In the last months we have provided aid to Haiti, Chile, and
Turkey. And now Pakistan…… home of bin Laden. Literally, BILLIONS of
DOLLARS!!!
Our retired seniors living on a ‘fixed income’ receive no aid nor
do they get any breaks while our government 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?
99% of people won’t have the guts to forward this.
I’m one of the 1% — I Just Did
Posted by John MacHaffie at8:40 AM
Article Link: http://www.nesaranews.blogspot.com/2012/06/social-security-now-called-federal.html
