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DO YOU TRUST OUR GOVERNMENT IN SOCIAL SECURITY MATTERS..

CHUCK 2012/07/31 19:33:05
People and Politics in America
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FYI...

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.


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 – 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.
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
acharity!
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?





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Opinions

  • merlinskiss 2012/07/31 20:04:36
    I LL FORWARD THIS..
    merlinskiss
    +1
    The whole spin being put on SS is just wrong. It isn't a benefit. It's your money you contributed and are getting back. It's earned income and we all worked for it!
  • Ken 2012/07/31 19:56:12
    I LL FORWARD THIS..
    Ken
    +1
    But they have already spent the money. I paid in the max most of my years and it is a crime they don't allow you to invest the money in Government bonds or some other guaranteed investment, both the Government and the retiree would be in much better shape.
  • Don Leuty 2012/07/31 19:38:05
    THEY HAVE ALREADY SPENT THE MONEY..
    Don Leuty
    +2
    Do you trust a thief in an open vault?
  • CHUCK 2012/07/31 19:33:32
    THEY HAVE ALREADY SPENT THE MONEY..
    CHUCK
    +1
    THEY HAVE WASTED MOST OF IT..

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