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SOCIAL SECURITY CHECKS BECOMES FEDERAL BENEFIT CHECKS - MAKE THIS VIRAL
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.*
*Subject:*
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.
Will you?
*You can bet I WILL !!!*
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1 comment:
If the government would start doing away with departments no longer needed, EPA, NSA, IRS, CIA, IRS, Department of Education, Hoomeland Security and concentration instead of regulating business and industry but instead creating incentives to get this country producing and working again there will be plenty of sSocial Security dollars coming in. The government is out of control on spending and abusing our hard earned tax dollars so much so that they have bankrupted us. We have be given a miracle though and they either don't see it or they don't want to fix it. We have shale oil so much so that we can be a oil independent country by the 2020. But Obama wants to halt all of this with junk science climate change. Millions of jobs can be produced from this production and there are so many more innovations like 3 d printing , independent manufacturing so much opportunity for us to become a wealthy country. All we hear is gloom and doom so much so that the American people have become to think that our own government is going to do us in because they can't afford to pay out on Social Security.
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