[StBernard] New name for social security

[Westley Annis]

SOCIAL  SECURITY NOW CALLED

'FEDERAL  BENEFIT PAYMENT'/ENTITLEMENT!

 

 

Have you noticed,  your Social Security check is now referred to as a

"Federal Benefit Payment"?
 

I'll  be part of the one percent to forward this.  I am forwarding  it

because it touches a nerve in me, and I hope it will in  you.  Please

keep passing it on until everyone in our country  has read it.
 

 

The  government is now referring to our Social Security checks as a

Federal Benefit Payment.

This isnt a benefit it's 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 your 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.
 

Thats  almost three times  more than todays average Social Security

benefit of  $1,230 per month, according  to the Social Security

Administration (Google it - its 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.  They  took our money and used it

elsewhere. They forgot that it was  OUR money they were  taking.

They  didnt have a referendum to ask us if we wanted to lend the

money  to them.  And they didnt pay interest on the debt they

assumed.  And recently, theyve told us that the money wont  support

us for very much longer.  But is it our fault they  misused our

investments?
 

And  now, to add insult to injury, theyre 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!
 

Lets  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.
 

Heres  a novel idea: Reduce the military budget to support our own

population.  Get out of the countries who dont want us  there.  Bring

our soldiers home and invest some of the $700B+  in giving them new

careers building  roads and parks, teaching our children, creating new

technologies,  discovering cures for illness.
 

Then  take the rest and begin to pay back Social Security, and call it

what it is: Our Earned Retirement  Income.
 

99%  of people won't forward this.
 

Will  you?