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We are all being played as fools by those in government when it comes to the money we pay into OUR Social Security accounts.
A woman dies at age 65 before collecting even one Social Security benefit check. She and her employer paid into the system for almost 50 years and she collected NOTHING. Keep in mind all the working people that die every year who were paying into the system and got nothing.
And these governmental morons mismanaged the money and stole from the system so that it’s now going broke.
BEAUTIFUL! And they have the audacity to call today’s seniors “vultures” in an attempt to cover their ineptitude. DISGRACEFUL!
The real reason for renaming our Social Security payments is so the government can claim that all those social security recipients are receiving entitlements thus putting them in the same category as welfare, and food stamp recipients.
Please continue reading: THIS IS WORTH THE FEW MINUTES IT TAKES TO READ AND DIGEST!
F.Y.I. By changing the name of SS contributions, it gives them the means to refute this program in the future. It’s free money for the government to spend under this guise.
In fact, the government is now referring to our Social Security checks as a “Federal Benefit Payment.”
This is NOT a benefit. It is OUR money, paid out of our hard-earned income! Not only did we all contribute to Social Security but our employers did too!
It totaled 15% of our income before taxes. (This should be enough for you to forward this post to everyone you know. If not read on.)
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 you and your employer’s 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 – it’s 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 DC pulled off a bigger Ponzi scheme than Bernie Madoff ever did (or Lyndon Johnson).
They took our money and used it elsewhere. They “forgot”(oh yes, they 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.
Recently they even had the nerve to tell us the money won’t support us for much longer. (Isn’t it funny they NEVER say this about welfare payments?)
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. This is stealing!
Just because they borrowed the money, doesn’t mean that our investments were for 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 to find a way to keep Social Security and Medicare going for the sake of the 92% of our population who need it. The American people are living longer, which is why the politicians MUST stop squandering OUR money.
It’s time to call it what it is: Our Earned Retirement Income.
PLEASE help educate the American people of this theft by sharing this post with everyone you know!
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