Social Security
Posted: Tue Jan 03, 2012 11:10 pm
Worth reading........................
I probably should have check the math though.
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 govt. 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 inWashington have pulled off a bigger Ponzi scheme than
Bernie Madhoff ever had.
Entitlement my a$$, I paid cash for my social security insurance!!!!
Just because they borrowed the money, doesn't make my benefits some kind of charity or handout!!
Congressional benefits ---- free healthcare, outrageous retirement
packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days, now that's welfare, and they have the nerve to call my
social security retirement entitlements?
We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless
In the last months we have provided aid to Haiti, Chile , and Turkey .
And now Pakistan ......home of bin Laden. Literally, BILLIONS of
DOLLARS!!!
Our retired seniors living on a 'fixed income' receive no aid nor do
they get any breaks while our government and religious organizations pour Hundreds of Billions of $$$$$$'s and Tons of Food to Foreign Countries!
They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives and now when it's time for us to collect, the government is running out of money. Why
did the government borrow from it in the first place? Imagine if the
*GOVERNMENT* gave 'US' the same support they give to other countries.
Sad isn't it?
I probably should have check the math though.
KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS READ IT.....
SOMETHING TO THINK ABOUT
THE ONLY THING WRONG WITH THIS CALCULATION IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY COLLECTED THEIR SOCIAL SECURITY!!!!
WHERE DID THAT MONEY GO?????????????
This was sent to me, I am forwarding it because it does touch a nerve in me.
This is another example of what Rick Perry called "TREASON in high places" !!! Get angry and pass this on!
Remember, not only did you contribute to Social Security but your
employer did too. It totaled 15% of your income before taxes. If you
averaged only $30K over your working life, that's close to $220,500.
If you calculate the future value of $4,500 per year (yours & your
employer's contribution) at a simple 5% (less than what the govt. pays on the money that it borrows), after 49 years of working you'd have
$892,919.98.
If you took out only 3% per year, you'd receive $26,787.60 per year
and it would last better than 30 years (until you're 95 if you retire
at age 65) and that's with no interest paid on that final amount on
deposit! If you bought an annuity and it paid 4% per year, you'd have
a lifetime income of $2,976.40 per month.
The folks inWashington have pulled off a bigger Ponzi scheme than
Bernie Madhoff ever had.
Entitlement my a$$, 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?
