One of my greatest irritations and it should be yours also..
Apr 9, 2019 19:33:23 #
Everyone who has paid into SS need to PO about this dumb renaming idea..
No good can come of it..
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?
No good can come of it..
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?
Apr 9, 2019 21:13:29 #
dtucker300
Loc: Vista, CA
permafrost wrote:
Everyone who has paid into SS need to PO about thi... (show quote)
Many people receive disability payments under the Social Security umbrella, children receive school benefits, etc, all before the age of 62 or 65. Some claim the system is r****t because B****s have a shorter life expectancy. Furthermore, If you were to invest that same amount of money you would receive more per month upon retirement. But the socialists want a bigger government so they can control more of our life and our money. They already tried to take over healthcare with more of it to come. Wake up America!
Apr 9, 2019 21:16:12 #
permafrost wrote:
Everyone who has paid into SS need to PO about thi... (show quote)
Good luck Baby Boomers. The Cabal successfully made you dependent and has absconded with everyone's money. No telling how many black ops you funded.
Apr 9, 2019 21:18:16 #
dtucker300
Loc: Vista, CA
BigMike wrote:
Good luck Baby Boomers. The Cabal successfully made you dependent and has absconded with everyone's money. No telling how many black ops you funded.
Ha ha Ha! This would be funny if it weren't true. P.T. Barnum was right.
Apr 9, 2019 22:52:37 #
dtucker300 wrote:
Ha ha Ha! This would be funny if it weren't true. P.T. Barnum was right.
That he was.
Bill Bonner is an economist I read from time to time. The Baby Boomers were "zombified" by increments with Social Security, Medicare (and all the tag along sht AARP, retirement communities, old folks homes), "Supplemental Security" according to him. He recently bough a big ranch in Argentina. Might be a good place to be soon.
Twain said it very well, cynical guy he was. We were ALL fooled for a while. Now that some of us are waking up we're learning...
Apr 9, 2019 23:01:58 #
dtucker300 wrote:
Many people receive disability payments under the ... (show quote)
The federal government is the lousiest middleman imaginable.
Anything the private sector can do the government can do too at twice the cost and half the efficiency. I may be speaking a bit too glowingly of them, but they just make me so proud and confident.
It would be nice, though, to take over the Fed. I bet the Rothschild Cabal would just love that sht!
Apr 9, 2019 23:19:12 #
dtucker300 wrote:
Many people receive disability payments under the ... (show quote)
If they change the name to sound like welfare will they still charge an income tax on it? I've paid into the plan for 50 years. I didn't want to but was forced as I had no choice. Of course I'm pissed off with the whole damn thing. I give the government a deficiency check mark every time they screw up. I'm running out of ink. Help.
Apr 10, 2019 00:03:18 #
sisboombaa wrote:
If they change the name to sound like welfare will they still charge an income tax on it? I've paid into the plan for 50 years. I didn't want to but was forced as I had no choice. Of course I'm pissed off with the whole damn thing. I give the government a deficiency check mark every time they screw up. I'm running out of ink. Help.
They're changing the name because God want us to know how we're really viewed by the elitists who want us to be dependent. This was a faux pas of the supernatural variety and big chip in the statue of himself the devil is trying to create.
Apr 10, 2019 02:14:14 #
The Ponsi Scheme is nearing its end:
According to the 2017 intermediate projections, assuming no changes are made in law:
In 2022, just 3 short years, spending for benefits will exceed revenues plus interest on the securities. That means right now, the money the government takes in from payroll taxes is just enough to pay the benefits it owes. NO MONEY IS BEING SET ASIDE FOR FUTURE RECIPIENTS. In 3 years, the fund will have to begin redeeming the Treasury securities. The cash to redeem the securities will come from one or more sources: increased taxes, reductions in other federal government spending, or borrowing through the public sale of Treasury securities. If the money is borrowed, it will increase the federal budget deficit.
In 2034, the trust fund assets would be thoroughly depleted; all Treasury securities would be redeemed. The taxes being collected from workers and employers each year will only be sufficient to pay 77 percent of the benefits promised. To cover the shortfalls, the government will be forced to raise the payroll tax considerably or default on the program (or just borrow another Trillion a year to cover it).
According to the 2017 intermediate projections, assuming no changes are made in law:
In 2022, just 3 short years, spending for benefits will exceed revenues plus interest on the securities. That means right now, the money the government takes in from payroll taxes is just enough to pay the benefits it owes. NO MONEY IS BEING SET ASIDE FOR FUTURE RECIPIENTS. In 3 years, the fund will have to begin redeeming the Treasury securities. The cash to redeem the securities will come from one or more sources: increased taxes, reductions in other federal government spending, or borrowing through the public sale of Treasury securities. If the money is borrowed, it will increase the federal budget deficit.
In 2034, the trust fund assets would be thoroughly depleted; all Treasury securities would be redeemed. The taxes being collected from workers and employers each year will only be sufficient to pay 77 percent of the benefits promised. To cover the shortfalls, the government will be forced to raise the payroll tax considerably or default on the program (or just borrow another Trillion a year to cover it).
Apr 10, 2019 02:32:08 #
permafrost wrote:
Everyone who has paid into SS need to PO about thi... (show quote)
I won't forward this because it's a pile of garbage. When SS was set up the average life span probably was around 65 but because of advance in healthcare, it is now closer to 80. What you don't understand was that SS was designed to c***t the majority so that the minority could be taken care of. So how does SS take care of the majority? It can't which is why massive changes need to be made but creating unnecessary animosity about what is essentially a good system...well that's something we shouldn't do at all...
Apr 10, 2019 02:37:38 #
BigMike wrote:
The federal government is the lousiest middleman imaginable.
Anything the private sector can do the government can do too at twice the cost and half the efficiency. I may be speaking a bit too glowingly of them, but they just make me so proud and confident.
It would be nice, though, to take over the Fed. I bet the Rothschild Cabal would just love that sht!
Anything the private sector can do the government can do too at twice the cost and half the efficiency. I may be speaking a bit too glowingly of them, but they just make me so proud and confident.
It would be nice, though, to take over the Fed. I bet the Rothschild Cabal would just love that sht!
If the private sector can do better than why didn't it? Why even create SS if the private sector is the great savior?
Apr 10, 2019 02:46:01 #
PeterS wrote:
If the private sector can do better than why didn't it? Why even create SS if the private sector is the great savior?
That's the point he's making. Individual responsibility versus dependency on the state.
Had employers given their employees the 7.65% instead of being forced to give it to Uncle Mismanagement, and had that employee had the self discipline then to invest the 15.3% of his income squandered by the Federal Government into a modest investment plan, that employee would have millions to retire on today after 45 years of labor instead of the bread crumbs Uncle Sugar is dishing out and calling a benefit.
Apr 10, 2019 05:41:12 #
Apr 10, 2019 07:15:09 #
BigMike wrote:
I That /I he was. br br Bill Bonner is an econo... (show quote)
I thought that was a quote from Barack Obama. Well, it fits.
Apr 10, 2019 09:22:32 #
permafrost wrote:
Everyone who has paid into SS need to PO about thi... (show quote)
Amen and Amen you are spot on with this thanks for posting it.
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