Who died before they collected Social Security?
Ask this question.
Who died before they collected Social Security?
KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS HAD THEOPPORTUNITY TO READ
IT...THIS IS SURE SOMETHING TO THINK ABOUT!!!!
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 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, not the Government.
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 the benefits for members of Congress?
+ 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.
Sad isn't it?