Posted By: Seawitch [Send E-Mail]
Date: Sunday, 30-Jun-2013 01:44:26
The last figure I heard was the Congress had borrowed almost 7 TRILLION dollars fron the SSI, will they ever pay it back?
Just a reminder, Better pass this around, it’s the clearest presentation I have seen in quite some time.
Social Security check
Friday, April 20, 2013, 5:00 AM
Here we go.
JUST REALIZED THAT WITH REQUIRED AUTO DEPOSIT,
I NEVER GET TO SEE THE CHECK ….
ALERT EVERYONE YOU KNOW.
THIS AFFECTS ALL OF US.*
SOCIAL SECURITY becomes FEDERAL BENEFIT CHECK
Have you noticed, the 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. It is 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 employers 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 – its 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 andused it elsewhere.
They forgot (Knew) 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.
Offered by John C.
Just because they borrowed the money,
doesn’t mean that our investments were a charity !
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.
*You can bet I WILL !!!*
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