The truth of the matter is, the government "borrowed"
2.7 trillion from OUR Social Security fund, for other SOCLAL programs
and never replaced it!
THIS IS WORTH THE FEW MINUTES
IT TAKES TO READ AND DIGEST!
F.Y.I. By changing the
name of SSC contributions it gives them a means to refute this program in
the future. It’s free money for the government to spend under this guise.
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 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 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.
99% of people won't forward
this. Will you?
You can bet I WILL and I HAVE!!!
|
