CommentsENTITLEMENTS MY #!
If we all walked on Washington, would it make a difference?
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 (that was me) 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
Entitlement my #, 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 social security retirement
We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless
last months we have provided aid to Haiti, Chile, and Turkey. And now
Pakistan......home of bin Laden. Literally, BILLIONS of DOLLARS!!!
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!
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
the *GOVERNMENT* gave 'US' the same support they give to other countries.
Sad isn't it?
Received in my email. Author unknown!
Posted by Amy on 08/23 at 09:45 PM | #
Dateline D.C.: In danger of killing the golden goose
Posted by Joan R. Neubauer on Jul 25, 2011 at 01:40 PM
In the final analysis, it comes down to the fact that both parties want big government
And the debt battle continues. While the White House offers threats that grandma and grandpa might not get their Social Security checks in August, the republicans say there’s plenty of money to keep grandma and grandpa well fed and able to pay the rent.More...
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