What is wrong here?
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 is 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 (me) you’d have $892,919.98. If you took out only 3% per year, you receive $26,787.60 per year and it would last better than 30 years, and that has with no interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per year, you would have a lifetime income of $2,976.40 per month. The folks in Washington have pulled off a bigger Ponzi scheme than Bernie Madoff ever had. Contributed by Anonymous, feel free to confirm the numbers.
Entitlement my ass, I paid cash for my social security insurance. Just because they borrowed the money, does not make my benefits some kind of charity or handout. Congressional benefits, aka. free health care (They are exempt from the Healt Care they shoved down our throats), 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 retirement entitlements. These are the entitlements that need reformed!
535 Elected representatives from both parties have become millionaires who live extravegant lifestyles, flying in private 747 jets and spending money like royalty:
The lavish parties and vacations complete with a separate entourage has proven our white house does not feel our pain. There are parties and state dinners and seperate vacations and vacations that seems to require two planes 4 hours apart. While Missouri drowned , people died and others starved Obama dined happily with the Queen. Guess he didn’t get the message from the backlash of the Bush administration when Baby Bush simply flew over New Orleans on his way to a fund raiser or when he vacationed and spent execcively during his eight years. Or maybe he learned – we are a dumb electorate — afterall Bush got 4 more years in spite of being incompetant
Someone please tell me what the HELL is wrong with all the people that run this country and with those of us that vote!
We are “broke” & can’t help our own Seniors, Veterans, Orphans, Homeless etc? In the past, we have provided aid to Haiti, Chile, and Turkey to name a few. And now Pakistan home of Osama Bin Laden is still getting literally, BILLIONS of American tax 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 dollars’ 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?
We have hundreds of adoptable children who are shoved aside or aborted to make room for the adoption of foreign orphans.
AMERICA: a country where we have homeless without shelter, children going to bed hungry, elderly going without ‘needed’ meds, and mentally ill without treatment -etc.
YET, they have a ‘Benefit’ for the people of other countries hit with hurricanes and earthquakes and tsunamis shown 24/7 on 12 TV stations, ships and planes lining up with food, water, tents, clothes, bedding, doctors and medical supplies. We sent money for food to countries where the money never gets to the hungry but is instead used by the terrorists to further terrorize their own people and threaten everyone.
Imagine if the *GOVERNMENT* gave ‘US’ the same support they give to other countries. We are not saying we do not care about others but do not call our investment returns an entitlement and take it from US and give it to whom ever you please or to buy favors.
WE the people are very kind and generous, we can decide what charity we will donate to, and We can spend our money as we see fit.
OK, SO WHEN DO WE GET PISSED AND DO SOMETHING ABOUT IT?
Let’s reform the Congressional entitlements that they vote for themselves on both sides of the aisle. Throw the bums out – all of them- USACLEANSWEEP
Feel free to confirm the SS numbers, neither side cares about us, this is their career - think it over then forward this.
BettyJean Downing
ARP National Vice Chair
ARP New Jersey Chair
Join the American Reform Party
The New Conservative Independent Party of Common Sense
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Two Great Quotes on our incompetence when voting