cold iron Loc: White House

Who died before they collected Social Security?



THE ONLY THING WRONG WITH THE
GOVERNMENT'S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT
TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!!

WHERE DID THAT MONEY GO?


Remember, not only did you and I 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.
Read that again.

Did you see where the Government paid in one single penny?
We are talking about the money you and your employer put in a Government bank to insure you and me that we would have a retirement check from the money we put in, not the Government.

Now they are calling the money we put in an entitlement when we reach the age to take it back.
If you calculate the future invested value of $4,500 per year (yours & your employer's contribution) at a simple 5% interest (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 MADOFF EVER DID.

Entitlement my foot; I paid cash for my social security insurance!
Just because they borrowed the money for other government spending, doesn't make my benefits some kind of charity or handout!!

Remember the benefits for members of Congress?
+ 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 payments entitlements?


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? Yeah, ask LBJ, he used it to make war on poverty,
well, we lost that war and lots of your money.
It was supposed to be in a locked box, not part of the general fund. The Democrats did it. And the Republicans let them do it.

bahmer

Amen on that brother.

bestpal38 Loc: Cedar City, Utah

Well said. It's aggravating to hear the word entitlements, when talking about social security. Damn right I'm entitled to it, I put the money in there.

F.D.R.

Cold Iron, absolutely correct. What's the SS 'death benefit' $500.? I've paid into SS since '59, I'm still paying in working part time. I worked for a non-profit for 10 years and was forced to participate in their retirement program which, at the time I resisted. I was getting a divorce at the same time I was leaving so my wife insisted I withdraw my money and give it to her which was $6K. I thought that was it but the employers contribution remained and collected interest without my knowledge until 30 years later I got a letter advising me of the balance in my account. It was more than DOUBLE the balance of my SS account. The death benefit was in excess of $16K AND it's set up so that when I die my current wife will continue receiving the benefit until she passes. NOW THAT'S A PLAN

cold iron Loc: White House

Few know that most politician we elect have failed at business, gone bankrupt. Once in office they see those huge printing presses spitting out 100 bills by the millions, and lose their minds. It's nice to give Everybody some free money, yeah, we give millions of black kids disability which is SS but doubled in payment. Done have paid in one cent.

Radiance3

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My husband died while serving the war in Vietnam. He did not collect any dime from the Social Security.

BobDew

This is a subject that I have been concerned with since 1956-7. At that time the ONLY gov't agency that was required to pay SS was the military. We didn't have a choice, so as is said:where did all the funds go?? The rest of the Federal employees have gotten a free ride. I would hope that this article goes further than this venue.

Radiance3

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100% of democrat senators are working to give illegal aliens Social Security and Medicare benefits.
IRS records showed there were 1.3 million Social Security numbers stolen by illegal aliens.

Social Security and Medicare are going bankrupt by 2030, unless drastic measures are made as soon as possible.

bahmer

Take all of the IOU's that the congress has left in the vault for social security and take the money from congress until all IOU's are payed in full. They stole the money and now they can pay it back and reduce their salaries until every dime is restored with interest and inflated for inflation.

Radiance3

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The drop of working people, and the rise of unemployed during the 8 year administration of Mr. Obama, drastically lowered Social Security funds. When fewer people work, lesser money is contributed to the SS funds.

In addition, although BLS during the term of Mr. Obama indicated low unemployed, but in reality, millions of employed had part time hours only, due to the ACA mandate for employers to pay for employees medical premium with 50 full-time employees and above. Therefore many employers reduced their hours to less than 30 hours per week to avoid added costs, but hired more part time workers.

Employees reduced income had also reduced SS contributions. Those who worked lesser hours were qualified for SSI (social security income) benefits. SSI is the amount of money given to those who were not qualified to receive Social Security. It is given to low income people who either did not work, or their income is very low within the threshold.

Millions of baby boomers had retired, thus adding to the SS recipients that drain the SS funds. In addition, there are millions of illegal aliens with stolen SS identity who collects Social Security benefits.

Other crimes committed found out were some people who died already, but someone stole their SS and continues to collect SS benefits.

The present agenda of president Trump is to create more employment for the people, instead of collecting welfare benefits.
If this policy comes to materialize, the long term effect of the Social Security funding will be sustainable.

I hope the liberals, and the media, stop attacking president Trump relentlessly, so he could focus on his vision to make America great again.