Social Security Money Where Did It Go?

Posted by The Wild Zimarik in Economy, Education, General, Government, Politics, Speaking Out, We The People

WHO DIED BEFORE THEY COLLECTED SOCIAL SECURITY?
Want to see your  representative do the  “Washington-two-step”.

Ask this  question…….

Who died before they  collected Social  Security?  

 
 KEEP PASSING THIS AROUND  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 me 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.

THE FOLKS  INWASHINGTON
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 the benefits  for members of  Congress?
+        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?

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!

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