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Who's to blame? If living longer is the problem so be it. One possible solution is to up the age of retirement to 69. What I like about Social Security is you can get your benefit at age 62, not all that is due but still fine with me. One should not just rely on Social Security. Although risky and daring you can make conservative investments also. Being a good neighbor, I don't have any problem helping other poor countries that suffered natural disasters.
Lib
From: evelyn
Subject: FW: REALITY CHECK
Date: Fri, 5 Aug 2011 19:08:23 -0400
Subject: FW: REALITY CHECK
Date: Fri, 5 Aug 2011 19:08:23 -0400
Subject: FW: REALITY CHECK
Remember, not only did you 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.
If you calculate the future value of $4,500 per year (yours & your employer’s contribution) at a simple 5% (less than what the govt. pays on the money that it borrows), after 49 years of working (me) you’d have $892,919.98.
If you took out only 3% per year, you receive $26,787.60 per year and it would last better than 30 years, 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 Madhoff ever had.
Entitlement my ass, I paid cash for my social security insurance!!!!
Just because they borrowed the money, doesn't make my benefits some kind of charity or handout!! Congressional benefits, aka. 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 retirement, Entitlements !!!!!!
We're "broke" & can't help our own Seniors, Veterans, Orphans, and Homeless etc.???????????
In the last months we have provided aid to Haiti , Chile , Turkey, Pakistan .......home of bin Laden and now recognizing Libyan Rebels before we really know who they are. Literally, BILLIONS of DOLLARS!!!
Our retired seniors living on a 'fixed income' receive no aid nor do they get any breaks while our government organizations pour Hundreds of Billions of $$$$$$'s and Tons of Food to Foreign Countries!
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 its time for us to collect, the government is running out of money. Why did the government borrow from it in the first place?
We have hundreds of adoptable children who are shoved aside to make room for the adoption of foreign orphans.
AMERICA: a country where we have homeless without shelter, children going to bed hungry, elderly going without 'needed' meds, and mentally ill without treatment – etc., etc.
YET....................
They have a 'Benefit' for the people of Haiti on 12 TV stations, ships and planes lining up with food, water, tents clothes, bedding, doctors and medical supplies. (P.S. they are still living in ruins)
Imagine if the *GOVERNMENT* gave 'US' the same support they give to other countries.
Sad isn't it?
WAKE UP AMERICA, SHOUT THIS TO YOU NEIGHBORS AND FRIENDS THAT THINK “OH WELL, BUSINESS AS USUAL” YOU CAN CHANGE IT, KEEP SHOUTING IN WRITING AND PHONE CALLS, SHOW UP AT MEETINGS NOW NOT LATER!!
99% of people won't have the guts to forward this.
I'm one of the 1%-- I Just Did
Remember, not only did you 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.
If you calculate the future value of $4,500 per year (yours & your employer’s contribution) at a simple 5% (less than what the govt. pays on the money that it borrows), after 49 years of working (me) you’d have $892,919.98.
If you took out only 3% per year, you receive $26,787.60 per year and it would last better than 30 years, 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 Madhoff ever had.
Entitlement my ass, I paid cash for my social security insurance!!!!
Just because they borrowed the money, doesn't make my benefits some kind of charity or handout!! Congressional benefits, aka. 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 retirement, Entitlements !!!!!!
We're "broke" & can't help our own Seniors, Veterans, Orphans, and Homeless etc.???????????
In the last months we have provided aid to Haiti , Chile , Turkey, Pakistan .......home of bin Laden and now recognizing Libyan Rebels before we really know who they are. Literally, BILLIONS of DOLLARS!!!
Our retired seniors living on a 'fixed income' receive no aid nor do they get any breaks while our government organizations pour Hundreds of Billions of $$$$$$'s and Tons of Food to Foreign Countries!
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 its time for us to collect, the government is running out of money. Why did the government borrow from it in the first place?
We have hundreds of adoptable children who are shoved aside to make room for the adoption of foreign orphans.
AMERICA: a country where we have homeless without shelter, children going to bed hungry, elderly going without 'needed' meds, and mentally ill without treatment – etc., etc.
YET....................
They have a 'Benefit' for the people of Haiti on 12 TV stations, ships and planes lining up with food, water, tents clothes, bedding, doctors and medical supplies. (P.S. they are still living in ruins)
Imagine if the *GOVERNMENT* gave 'US' the same support they give to other countries.
Sad isn't it?
99% of people won't have the guts to forward this.
I'm one of the 1%-- I Just Did
Published 8/9/11 altgroup multiply
Web Page: Social Security Insurance
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