Shakes head, it’s all over for us, isn’t it?
My tag line was prophetic!
People will learn that eating out of the government trough does more harm in the long run.
And here’s an idea of how much the premiums will be:
An excellent reminder how the Gubmint installed, manipulated and stole Social Security funds. Email received this a.m.
KEEP PASSING THIS ROUND 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 with me.... I have two deceased husbands who died in their 50’s, (one was 51 and the other one was 59 before one percent of their social security could be drawn. I worked all my life and am drawing 100% on my own social security).
Their S.S. money will never have one cent drawn from what they paid into S.S. all their lives.
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 and Turkey and now Pakistan... home of bin Laden.
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 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?
It was supposed to be in a locked box, not 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.
“A Nation of Sheep will beget a Government of Wolves.” ~ Edward R.
The article makes a brilliant point....anyone making money in the “compliance” business is just a snakey crony capitalist. This is why I cannot stand the idea of that new pamphlet being pimped by Dick Morris on Obama Care...it strikes me as “compliance” friendly also. Do not comply, RESIST.
Obamacare, or something like it, was made inevitable by things that have happened going back to 1965.
So, no, it won’t be gotten rid of - it will destroy itself, and it will also destroy the medical system it was designed to kill.
Doctors and patients being the decisionmakers is fine - it fact, it’s the only way to fly.
Doctors and patients making decisions and paying for them with with other people’s money - in fact, not even with OPM but with massive borrowing incurring debts too large to be repaid - that was never fine.
The fact is, Medicare (which remains massively popular, even around here) has killed the system - it just took 40 years to die.
Isn’t KPMG the proud sponsor of Phil “I’m paying too much in taxes” Mickleson?
One way or the other it won’t last long. Obamacare is the definition of unsustainable. It will collapse everything.
Well; when yer robbin' Peter to pay Paul; you can ALWAYS count on Paul's support!