Congress just stole our SS $, illegally, I might add!
Borrowing from it and not paying it back is the same as THEFT.
SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT' ENTITLEMENT!
Have you noticed, your Social Security check is now referred to as a "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 ONLY THING WRONG WITH THIS 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 . And now Pakistan ......home of bin Laden. Literally, BILLIONS of DOLLARS!!!
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 it'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.
Sunday, March 4, 2012
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4 comments:
I see this web site is making the statement "SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT" but just because John a statement doesn't make the statement true.
According to the Social Security Administration it is still considered "Insurance"
http://www.ssa.gov/oact/COLA/piaformula.html
Maybe Mr. MacHaffie needs to look at any life insurance policy he might have and see if it talks about "beneficiaries" before jumps to an unsubstantiated conclusion.
If we want to get wrapped up with words used in general information statements then I guess that the Tea "Party" should stop complaining about having to prove they are not a political "party" according to IRS rules and definitions.
It's makes Social Security sound like it is being doled out by the government with NO input by the 'beneficiaries'. Believe me after working over 50 years my employers and I gave a lot and the government has squandered it making it so we have not gotten a 'raise' in 2 years while the cost of living goes up. In the meantime Congress gets their raise every year right on schedule with all their benefits and the Obama's spend and spend and spend.
They might consider SS to be an insurance but it doesn't pay like one. If you the right type of insurance like whole life you get everything you put in plus interest and your heirs might even get some of it if you have planned right.
By the way my payment from a pittance making so I will never receive what I donated.
Where your treasure is, there also your heart will be. Do you drink and still thirst? Do you eat still hunger? Live for Jesus and thirst no more. Seek God and never hunger again.
"Insurance"? Really? than why is my payment to the feds, and the employers payment to the feds called a "tax"? Because it IS a tax, as the USSC said it was a tax.
I don't pay taxes to my life insurance Co. I pay "premiums". As a matter of fact, I don't pay a "tax" to ANY insurance Co. I buy a policy.
This has nothing to do with the issues with the TEA Party, so why do you try and deflect the issue?
You don't understand anything other than what you are told by the libs, who likely control half your life and send you some of my property in the form of cash.
This will not go on much longer. We have had a revolution in this Country before. Revolutionary wars happen all over the planet every decade. Do you think another will not happen here soon? You are wrong.
I will defend my productivity, freedom and property from absolute confiscation.
You claerly do not understand American Freedom, or the founding principles of this Country. Please GTFO.
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