It's Not Welfare, It's Soc. Sec., We Paid For It Along With Our Employers...
Jan 22, 2019 15:22:44 #
Don G. Dinsdale
Loc: El Cajon, CA (San Diego County)
Sent to me by a good friend with a request to forward it on. As a service to a friend, here goes.
Subject: Social Security
A woman dies at age 65 before collecting one 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.
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 a means to refute this program in the future. It's free money for the government to spend under this guise.
The Social Security check is now (or soon will be) 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 is NOT a benefit. It is OUR money , paid out of our 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 message, 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 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 – 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 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. And recently they've told us that the money won't support us for very much longer. (Isn't it funny that 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.
Find a way to keep Social Security and Medicare going for the sake of the 92% of our population who need it.
Then call it what it is:
Our Earned Retirement Income!
90% of people won't forward this.
PLEASE! Will you?
Subject: Social Security
A woman dies at age 65 before collecting one 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.
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 a means to refute this program in the future. It's free money for the government to spend under this guise.
The Social Security check is now (or soon will be) 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 is NOT a benefit. It is OUR money , paid out of our 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 message, 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 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 – 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 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. And recently they've told us that the money won't support us for very much longer. (Isn't it funny that 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.
Find a way to keep Social Security and Medicare going for the sake of the 92% of our population who need it.
Then call it what it is:
Our Earned Retirement Income!
90% of people won't forward this.
PLEASE! Will you?
Jan 22, 2019 15:53:39 #
Don G. Dinsdale wrote:
Sent to me by a good friend with a request to forw... (show quote)
I hear you brother! I have been preaching about this for over a year now that's when I started drawing my Social Security.
However I am on Medicaid due to disability.
Now in the 6 months it took to be judged disabled, I now find back pay is a thing of the past, Because it is now a benefit not a right.
So kiss back pay good bye.
Oh yes, I will complain about the wording until the day I die.
Jan 22, 2019 15:55:12 #
Noraa
Loc: Kansas
Don G. Dinsdale wrote:
Sent to me by a good friend with a request to forw... (show quote)
Have been screaming this for years. Have even written my Congressman about it more than once.
Jan 22, 2019 16:53:18 #
Jan 23, 2019 08:32:18 #
TommyRadd
Loc: Midwest USA
Civil asset forfeiture by any other name...
What do we expect when we don’t hold politicians accountable?
What do we expect when we don’t hold politicians accountable?
Jan 23, 2019 20:11:30 #
When is congress going to repay all the funds they pilfered from social security over the years??
Jan 23, 2019 21:04:02 #
Also the half your employer paid in was money you would have been paid if the govt hadn't regulate the employer to match your contribution. In addition if you'd been allowed to invest that 15% instead of the govt supposedly investing it for you, you'd have almost 4 times more money in that account than you do now. Mike
Don G. Dinsdale wrote:
Sent to me by a good friend with a request to forw... (show quote)
Jan 24, 2019 00:20:01 #
Why is it that they say social security if running out of money, (actually, there is NO money in the lock box)
but, they never say Food Stamps, Welfare or any other government give away program is running out of money??? Why do they allow immigrants that sneak into our country illegally sign up and get Social Security? The simple answer is to buy v**es!
but, they never say Food Stamps, Welfare or any other government give away program is running out of money??? Why do they allow immigrants that sneak into our country illegally sign up and get Social Security? The simple answer is to buy v**es!
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