Friday, June 13, 2014

Social Security

Who died 
before, 
they collected 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
not one single penny? 


We are talking about the money you and your employer 
put in a Government bank,
 to insure you and me,
  that we would have a
retirement check,
 from the money we put in, 


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. 

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"? 


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!

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