Social Security Check Just a reminder, Better pass this around, it's the clearest presentation I have seen in quite some time.
Social Security check Friday, April 20, 2013, 5:00 AM
Here we go.
JUST REALIZED THAT WITH REQUIRED AUTOMATIC DEPOSIT, I NEVER GET TO SEE THE CHECK ....
ALERT EVERYONE YOU KNOW. THIS AFFECTS ALL OF US.*
*Subject:* SOCIAL SECURITY becomes FEDERAL BENEFIT CHECK
Have you noticed, the Social Security check is now referred to as a "Federal Benefit Payment"?
The government is now referring to our Social Security checks as A Federal Benefit Payment.
This isn't a benefit. It Is earned income! Not only did we all contribute to Social Security but our employers did too.
It totaled 15% of our income before taxes .
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 your 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 - its 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.
They took our money and used it elsewhere.
They forgot (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 .
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.
Just because they borrowed the money, doesn't mean that our investments were a 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 that 92% of our population who need it. *Then call it what it is: Our Earned Retirement Income.
The problem is that some DC twits decided to share our personal savings account with illegal aliens, kids that don't get corrected (SSI) and lazy people who work 5 years and collect SSD for 40 years (therefore paying in next to nothing, but drawing for a possible 60 years when they get switched to SS). The statists need a solid voter base, so your account becomes their doll, aka confiscation, not charity. Charity is voluntary. I get a statement every year showing my earnings and I can calculate how much my employer & I have been skimmed for. By the time I can cash out, there will be enough to pay my property taxes and electric bill, if all goes well. FDR & friends stuck it to us real hard.
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Currently in voluntary exile from Libtardia command center.
