Social Security Checks

Just passing this along.   If this is true; most governments, local, state and federal are nothing more than Legalized Extortionists.  

---

Do you know why they are doing this?

Ill. passed a law, at the behest of unions, that anyone getting a gov. check for care giving would automatically be a union member, and $90 would be taken from the check of the recipient.

They want to take it nationwide, and have it   apply to any check anyone gets from the gov. SS will now qualify with this new designation.

 

Subject: Fw: Social Security Checks

     

                                                       SS CHECKS!

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. 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 and used 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 !!!*