Thursday, August 25, 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 (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

had.

Entitlement my a.., 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. 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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