Thursday, November 10, 2011

I Paid. . . .  Didn't You?
This was sent to me, I am forwarding it because it does touch a nerve in me..

This is another example of what Rick Perry called "TREASON in high places" !!!
Get angry and pass this on!
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 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 Madhoff ever had.

Entitlement my backside, 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 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 entitlements?

We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless

In the last months we have provided aid to Haiti , Chile , and Turkey And now Pakistan ......home of bin Laden.
Literally, BILLIONS of DOLLARS!!!

Our retired seniors living on a 'fixed income' receive no aid nor do they get any breaks while our government and religious 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 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? 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.
PeoplePC Online
A better way to Internet




Thanks for that very precise info.
What can we say more than you did.
Plus the fact that George made
congress pass the WTO so that China
could take all our jobs, money, and
won't be long before China takes over our country, and the rest of the world. What a beautiful era, that is about to END

Stew said...

It makes you think.
I just hope that enough people are thinking.
It's about time to stop voting for these people.
Get informed.
Voice your opinion.

Coop said...

Forward it? I don't understand it... too many numbers and equations and figures. :-(
Can somebody translate it into history major, please?

JustinO'Shea said...

Hey Coops. . . what don't you understand? Or. . are you pulling my leg? ;-) Huh?

Coop said...

I don't understand what this person is trying to get across. Is it something about how they paid for their own social security?

Math scares me.

jimm said...

What about a public education? Isn't that an 'entitlement'?

Gary Kelly said...

Like Coops, I'm a bit confuddled too. It talks about accumulating so much loot after 49 years of working. How many different Republican/Democrat changes of government take place in half a century? Which one do you blame, and for what?

JustinO'Shea said...

I am no expert on any of this. . .but we pay 15% of income into social security and medicare. 7.5% is paid by the employed into you account and 7.5% is without from your paycheck each pay-period.

All of that goes into you individual account so that 15% is deposited into your account yearly. So you work for 50 years. . . and you have that amount of money, without interest.

So the money in the social security fund naturally belongs to the workers. It is their money. They have paid and continue to pay as long as they are employed. How much social security payments you receive monthly is based on how much money you have paid into the fund. The money does not belong to the federal government: it belongs to the PEOPLE. It was paid by them over their working career. . . for their retirement years.

IF they "handlers" say the SS Fund is short of funds, it is because the FEDS have "borrowed" from the fund for other government expenses.
On paper, it is still there and that money is the property of those who have paid into the S.S. Fund.

It is NOT a "gift" from the government. It is our just due; it is our money. It belongs to the the working people who have paid into the fund. The FEDS are not doing us a favor; it is owed to us in justice.

Any better? ;-)

Gary Kelly said...

Thanks for the explanation, JustinO. I can't believe the no interest thing though. In Oz we have compulsory superannuation. I think it's about 10% contributed by workers matched by 10% from their employers. It's transferrable from job to job. All the money is pooled and invested in the stock market and other forms of investment so that when a worker retires, he becomes a self-funded retiree. He can either take his superannuation in a lump sum or as a regular pension. He can also choose from various fund management companies as to where he invests his money.

As you say, the money belongs to the workers and not the government.

JustinO'Shea said...

Good good. . I am glad I was clear enough to be understood. ;-) Sometimes I get muddlied trying to explain stuff I am not all sure about. ;-))

JustinO'Shea said...

JIMM. . . I suppose public education is an "entitlement". . . something to which we are entitled. . . I really do not know if that is in the same category. . . I confess I didnt pass that much attention to that stuff before. . . .but now that they are in possible danger of disappearing I think it is a duty to know about such things.
SO I am beginning to do some "remedial work" so I know what I am doing. . . talking about. ;-))

Coop said...

Yes, Justino, that's much better Thanks for explaining. You're a good professor. :) cute, too, if i'm honest

JustinO'Shea said...

. . . . . . . .


When Coop said your Cute, you
are all the good things rolled
into ONE......Stop Blushing.
We all know how good Irishmen