A woman died at age 65. She paid into the system for almost 50 years and collected NOTHING?
Keep in mind all the people that die every year that were paying into the system and got nothing!
And these governmental morons mismanaged the money and stole from the system, so that it's now going broke.
BEAUTIFUL! and they have the audacity to call today's seniors "vultures" in an attempt to cover their ineptitude. DISGRACEFUL!
The real reason for renaming our Social Security payments is so the government can claim that all those social security recipients are receiving entitlements thus putting them in the same case as welfare, food stamp recipients
THIS IS WORTH THE FEW MINUTES IT TAKES TO READ AND DIGEST!
F.Y.I. By changing the name of SS contributions it gives them a means to refute this program in the future.
It's free money for the government to spend under this guise.
The Social Security check is now (or soon will be) referred to as a *Federal Benefit Payment*
The government is now referring to our Social Security checks as a "Federal Benefit Payment."
This isn't a benefit. It is our money paid out of our earned income! Not only did we all contribute to Social Security but our employers did too. It totaled 15% of our income before taxes.
If you averaged $30K per year over your working life, that's close to $180,000 invested in Social Security. If you calculate the future value of your monthly investment in social security ($375/month, including both you and your employers contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you'd have more than $1.3+ million dollars saved!
This is your personal investment. Upon retirement, if you took out only 3% per year, you'd receive $39,318 per year, or $3,277 per month.
That's almost three times more than today's average Social Security benefit of $1,230 per month, according to the Social Security Administration. (Google it ? it's a fact). And your retirement fund would last more than 33 years (until you're 98 if you retire at age 65)! I can only imagine how much better most average-income people could live in retirement if our government had just invested our money in low-risk interest-earning accounts.
Instead, the folks in Washington pulled off a bigger *Ponzi scheme* than Bernie Madoff ever did. (Lyndon Johnson)
They took our money and used it elsewhere. They forgot (oh yes, they knew) that it was OUR money they were taking. They didn't have a referendum to ask us if we wanted to lend the money to them. And they didn't pay interest on the debt they assumed. And recently they've told us that the money won't support us for very much longer. (Isn't it funny that they NEVER say this about welfare payments?) But is it our fault they misused our investments? And now, to add insult to injury, they're calling it a *benefit*, as if we never worked to earn every penny of it. Just because they borrowed the money, doesn't mean that our investments were a charity! Let's take a stand. We have earned our right to Social Security and Medicare. Demand that our legislators bring some sense into our government. Find a way to keep Social Security and Medicare going for the sake of that 92% of our population who need it.
Then call it what it is: Our Earned Retirement Income .
"Those who would disrespect our flag have never been handed a folded one."
True Americans are not subjects they are citizens and self governed.
bob bob bob You, me, all of us are "subject" to the laws that govern us. You, me, anyone that served in our military have sworn an oath to defend the constitution against all enemies, foreign or domestic. The word citizen has little meaning when referring to where one was born. If you think you are free, then thats great. You are not. None of us are. One needs government to get a fishing license, a permit to protest, even a drivers license is a "privilege" not a right. If you want to kid yourself. Knock yourself silly. Drink that kool-aid till you get your fill. You are still subject. Liberalism just wants to spread the wealth evenly. We recognize trickle down is really tinkle on.
I think Mark means the income gap. In other words, Mark feels like people at the bottom of the income curve should get paid a lot of money even though they have no education, have invested nothing into themselves, chose to smoke pot, drink beer and make other poor life choices. They chose to have kids they couldn't afford and chose to live beyond their means.
feels like people at the bottom of the income curve should get paid a lot of money even though they have no education, have invested nothing into themselves, chose to smoke pot, drink beer and make other poor life choices. They chose to have kids they couldn't afford and chose to live beyond their means
Obligatory reminder that bob bought a house for his daughter because she couldn?t afford it.
The career politicians in Washington have been putting the screws to us by taking money from our social security. That money does not belong to the government it belongs to all of us. The first thing that Obama did when he took office he deprived us of a COLA raise which would help some with the increased cost of Medicare. After that he continued to take money out of our hard earned dollars.