I received this by email and thought I'd pass it along....
Probably like most of you, we have our checks
direct deposited. . . so we never see them. (and after that, the money goes so fast
you have to look quick!)
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, our government gets away with
way too much in all areas of our lives, while they live lavishly on their
grossly overpaid incomes!
KEEP passing THIS AROUND UNTIL EVERY ONE HAS READ IT..... SOMETHING TO THINK
ABOUT THE ONLY THING WRONG WITH THIS CALCULATION IS THEY FORGOT TO FIGURE IN
THE PEOPLE WHO DIED BEFORE THEY COLLECTED THEIR SOCIAL SECURITY!!!! WHERE DID
THAT MONEY GO?
This was sent to me, I am forwarding it because it does touch a nerve in me.
Remember, not only did you 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.
If you calculate the future value of $4,500 per year (yours & your
employer's contribution) at a simple 5% (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
The folks in Washington have pulled off a bigger Ponzi scheme than Bernie
Madhoff ever had. Entitlement my foot, I paid cash for my social security
Just because they borrowed the money from the fund - which was promised never
to happen - and never paid it back,doesn't make my benefits some kind of charity
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 entitlements?
We're "broke" and can't help our own Seniors, Veterans, Orphans,
Homeless. In the last months we have provided aid to Haiti, Chile , and Turkey
. And now Pakistan ......home of bin Laden. Literally, BILLIONS of DOLLARS!!!
Our retired seniors living on a 'fixed income' receive no aid nor do they get
any breaks while our government and religious organizations pour Hundreds of
Billions of $$$$$$'s and Tons of Food to Foreign Countries!
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? Imagine if the *GOVERNMENT* gave 'US' the same
support they give to other countries.
Sad isn't it?