Forwarded to me by a friend. I'm passing on as written and not checking all the numbers. I do know this. I contribted to SS until I was 85. That the goverment failed to properly invest all the billions collected is a symptom of what is wrong with the politicians we send to our federal and state governments.
Don't insinuate we contributors, Republicans, Democrats, Independents and those who don't vote aren't entitled to the checks we receive now called "federal benefit payment" checks, I do not know as I am on direct deposit also.
I am passing this along, but I do have to say, with direct deposit, I am not sure what it says on the check. The unthinking ....... in Congress should recognize that WE did pay for this, and it is not a Benefit. It is the pay back that we deserve since we trusted the Federal Govt to invest this so that there would be money to pay us back when we needed it (Retirement). It was not supposed to become part of the general fund for Congress to so with as they pleased. The Congress should go back and Ask FDR how it was supposed to be used, he designed it and recgonized that the elderly would need it later in life..
Have you noticed, your Social Security check is now referred to as"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 THING WRONG WITH THEIR 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. This is another example of what Rick Perry called "TREASON in high places" !!! Get angry and pass this on! 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 month. The folks in Washington have pulled off a bigger Ponzi scheme than Bernie Madhoff ever had. Entitlement my butt, I paid cash for my social security insurance!!!! Just because they borrowed the money, doesn't make my benefits some kind of charity or handout!! 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, Pakistan, the Saudi's, and the list goes on and on ...... Literally, BILLIONS of DOLLARS!!! Yearly. 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 [UTF-8?]itâ€™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? 99% of people won't have the guts to forward this. I'm one of the 1% -- I Just Did.