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 was sent to me, I am forwarding it because it does touch a nerve in me..This is another example of what Rick Perry called “TREASON in high
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
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 peryear and it would last better than 30 years (until you’re 95 ifyou 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,
Recently 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 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?