, NOW CALLED
‘FEDERAL BENEFIT PAYMENT’
Have you noticed, your Social Security check is referred to as a “Federal Benefit Payment”?
The government refers to our Social Security checks as a
“Federal Benefit Payment.”
This isn’t a benefit – its 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 your and your employer’s 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 our money and used it elsewhere.
They “forgot” 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. (@ 8 years is all they have available)
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 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.
Call it what it is:
Our Earned Retirement Income.
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.
99% of people won’t Share this. Will you?
THIS SENIOR CITIZEN NAILED IT!!!!!!!!!!!!!!
Alan Simpson, Senator from Wyoming , Co-Chair of Obama’s deficit commission, calls senior citizens the Greediest Generation as he compared “Social Security” to a Milk Cow with 310 million teats. August, 2010.
Here’s a response in a letter from a unknown fellow in Montana … I think he is a little ticked off! He also tells it like it is !
“Hey Alan, let’s get a few things straight..
As a career politician, you have been on the public dole for FIFTY YEARS.
I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63).
My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for
decades until you political pukes decided to raid the account and give OUR money to a bunch of zero ambition losers in return for votes, thus bankrupting the system and turning Social Security into a Ponzi scheme that would have made Bernie Madoff proud.
Recently, just like Lucy & Charlie Brown, you and your ilk pulled the proverbial football away from millions of American seniors nearing retirement and moved the goalposts for full retirement from age 65 to age 67. NOW, you and your shill commission is proposing to move the goalposts YET AGAIN.
I, and millions of other Americans, have been paying into Medicare from Day One, and now you morons propose to change the rules of the game. Why? Because you idiots mismanaged other parts of the economy to such an extent that you need to steal money from Medicare to pay the bills.
I, and millions of other Americans, have been paying income taxes our entire lives, and now you propose to increase our taxes yet again. Why? Because you incompetent bastards spent our money so profligately that you just kept on spending even after you ran out of money. Now, you come to the American taxpayers and say you need more to pay off YOUR debt.
To add insult to injury, you label us “greedy” for calling “bullshit” on your incompetence. Well, Captain Bullshit, I have a few questions for YOU.
How much money have you earned from the American taxpayers during your pathetic 50-year political career?
At what age did you retire from your pathetic political career, and how much are you receiving in annual retirement benefits from the American taxpayers?
How much do you pay for YOUR government provided health insurance?
What cuts in YOUR retirement and healthcare benefits are you proposing in your disgusting deficit reduction proposal, or, as usual,
have you exempted yourself and your political cronies?
It is you, Captain Bullshit, and your political co-conspirators called Congress who are the “greedy” ones. It is you and your fellow nutcases who have bankrupted America and stolen the American dream from millions of loyal, patriotic taxpayers. And for what? Votes. That’s right, sir. You and yours have bankrupted America for the sole purpose of advancing your pathetic political careers. You know it, we know it, and you know that we know it.
And you can take that to the bank, you miserable SOB.
If you like the way things are in America, delete this. If you agree with what a fellow Montana citizen says, PASS IT ON!!!
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