Friday, October 18, 2013

Who died before they collected Social Security?

Harry Truman  a Democrat was responsible for opening up OUR social security fund to general use. There would be no North Korea today if he had not screwed up again by firing General Douglas Mac Arthur he would have kicked their ass and the chinks too at the Chosin Reservoir using nukes.
 


Subject: Fwd: Who died before they collected SS?
Date: Fri, 18 Oct 2013 00:24:58 -0400



Who died before they collected Social Security?

KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT... THIS IS SURE SOMETHING TO THINK ABOUT!!!! THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!! WHERE DID THAT MONEY GO?

Remember, not only did you and I 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. 
Read that again. Did you see where the Government paid in one single penny? We are talking about the money you and your employer put in a Government bank to insure you and I that we would have a retirement check from the money we put in, not the Government. 

Now they are calling the money we put in an entitlement when we reach the age to take it back. If you calculate the future invested value of $4,500 per year (yours & your employer's contribution) at a simple 5% interest (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.

Another thing - if someone died in their 50's or before, they never withdrew one cent of their social security money that they paid into all their lives - so that money just went up in smoke?

THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID.

Entitlement my foot, I paid cash for my social security insurance! Just because they borrowed the money for other government spending, doesn't make my benefits some kind of charity or handout!! Remember 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 payments entitlements? We're "broke" and we can't help our own Seniors, Veterans, Orphans, or Homeless. Yet in the last few months we have provided aid to Haiti, Chile, Turkey, Egypt and Pakistan.

Literally, BILLIONS of DOLLARS!!! And they can't help our own citizens in New York and New Jersey! 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? It was never supposed to be part of the general fund.

Sad isn't it. 99% of people won't have the guts to forward this. I'm in the 1% -- I just did

2 comments:

Anonymous said...

Well, this is only PART of the total story folks. Consider that all these monies paid in to their corrupt system is put on trade platforms and monetized, returning to these conniving thieves billions!!!!!! And they tell you outright lies - that the 'government' is bankrupt. LIES LIES LIES. Each American (NOT ILLEGALS) who has 'paid' in to their thieving system should literally be multi-millionaires from the amounts these crooks have made trading your birth certificates as well as all the monies they have fraudulently collected from you via the FRAUD IRS and Social Security. STOP PAYING THE IRS - EVERYONE!!! PUT A STOP TO THIS THIEVERY AND FRAUD - STOP SUBMITTING!!! STAND UP FOR TRUTH - FOR YOUR RIGHTS!!! UNITED WE STAND - DIVIDED WE FALL. WE HAD BEST UNITE OR WE ALL GO DOWN.

Anonymous said...

There is no way they can cut us off from social security. Its a 2.7 trillion dollar healthy trust fund. True, the gov can borrower from it, but that saved our parks, forests, roads, bridges etc, because THE SOCIAL SEC TRUST FUND IS FIRST IN LINE OF CREDITORS THAT MUST BE PAID OFF and thus the Gov cannot give those assets to the other creditors since we have first claim against them for our debt. As soon as they TRY to cut our benefits, we sue big time.