fFrom Ed Kakalia, et. als.:
HAS READ IT ..... SOMETHING TO THINK ABOUT
THE ONLY THING WRONG WITH THIS CALCULATION IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY COLLECTED THEIR SOCIAL SECURITY!!!! WHERE DID THAT MONEY GO?????????????
This was sent to me, I am forwarding it because it does
touch a nerve in me.
This is another example of what Rick Perry called
"TREASON in high places" !!! Get angry and pass this on!
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 ---- 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
In the last months we have provided aid toHaiti , 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 it's 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.
--
“The single greatest cause of atheism in the world today is Christians, who acknowledge Jesus with their lips, then walk out the door, and deny Him by their lifestyle. That is what an unbelieving world simply finds unbelievable” - Brennan Manning
The fear of the Lord is the beginning of knowledge, but fool despise wisdom and instruction. Prov. 1:7
--
Good Judgement comes from experience,
and experience comes from bad judgement.
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