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To: Kaslin

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.
Murrow**


8 posted on 03/24/2013 4:15:42 AM PDT by sodpoodle (Life is prickly - carry tweezers.)
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To: sodpoodle
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.

Who out there is surprised? Really?

I'm 50, and I'm expecting nothing. Anything more than nothing will be a pleasant surprise.

I plan on working well into my 70s.

9 posted on 03/24/2013 4:23:25 AM PDT by St_Thomas_Aquinas
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To: sodpoodle

I agree with your opinion but I’ve noticed that at F.R. that those who agree with it tend to be at, near or over age 62, younger members disagree.

My own S.S. is large in comparison to the average check, I have seen the average stated as between, anywhere from $1,000 to $1600. Many here advocate for “means testing”. Just another way of redistribution of money.

If I am getting a “large” check, it means I paid in “large”.


10 posted on 03/24/2013 4:31:15 AM PDT by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
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To: sodpoodle

That’s right on. When people get into an uproar about privatizing SS I point out to them that if you die early, the gov’t pockets your money and you can’t leave it to your heirs. This statistically affects black men more too.


23 posted on 03/24/2013 6:13:48 AM PDT by Rusty0604
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To: sodpoodle
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.

The primary beneficiary of a socialist program is the socialist politicans. SS was made so Congress could spend more. Period.

24 posted on 03/24/2013 6:26:52 AM PDT by VRW Conspirator (Cyprus - the beginning)
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To: sodpoodle
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!!!

Almost...

...the gummint sure had no CLUE that it would be legal to murder future American's before they drew their first breath.

55,000,000 paying INTO the system would sure help with the bills!!!

36 posted on 03/24/2013 12:28:04 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: sodpoodle

Social Security was a transfer the wealth Ponzi scheme from day one. It is a tax which the government takes from you and gives to someone else. You are not owed a single penny and never have been. The money has not be stolen or misused. The system has and continues to work just as it was intended which is: causing it recipients to become dependents of the US Federal Government.

Social Security = Welfare.


37 posted on 03/24/2013 2:50:36 PM PDT by FreedomNotSafety
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To: sodpoodle

Actually I think social security SHOULD be called an entitlement! You paid for it and you should be “entitled” to it. What I think is absurd is calling food stamps and such entitlements, no one should be entitled to receive them.


42 posted on 03/25/2013 6:10:12 PM PDT by RipSawyer (I was born on Earth, what planet is this?)
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