Friday, August 04, 2017

Typical Work of the Congressional Politicians We Send to Washington

KEEP PASSING THIS AROUND UNTIL

EVERY ONE HAS HAD THE OPPORTUNITY 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 $26,78760 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 

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