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HomeOff Topics News & Politics › Renaming social security...
06-03-2012 05:15 PM  6 years agoPost 1
fla heli boy

rrElite Veteran

cape coral, florida

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> SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT' /ENTITLEMENT!
>
> Have you noticed, your Social Security check is now referred to as a "federal benefit payment"?
>
> I'll be part of the one percent, to forward this, our government gets away with way too much in all areas of our lives, while they live lavishly on their grossly overpaid incomes! KEEP passing THIS AROUND UNTIL EVERY ONE HAS READ IT.....
>
> This was sent to me, I am forwarding it because it does touch a nerve in me.
>
> 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 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.
>
> Entitlement my butt, 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 .......hideout 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 pours 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. Because our borders are so pourous and we are giving our neighbors to the South a free pass and welfare when they arrive. 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?

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