Thursday, September 15, 2011

Entitlements

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 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
social security retirement entitlements?

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

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