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 am posting this 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 isn’t a benefit; it is 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 today’s average Social Security benefit of $1,230 per month, according
to the Social Security Administration (Google it – it’s a fact). Also, many spouses died early and will not be using their
“earned retirement income,” … oh, did that go to the $3,000 cost of living (COLA) for congress?????

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 didn’t have a referendum to ask us if we wanted to lend the money to them.

And they didn’t pay interest on the debt.
And recently, they’ve told us that the money won’t support us for very much longer.
But is it our fault they misused our investments?

And now, to add insult to injury, they’re 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 charity!
Let’s take a stand.

We have earned our right to Social Security and Medicare.
Demand that our legislators bring some sense into our government and Find a way to keep Social Security
and Medicare going, for the sake of that 92% of our population who need it.
Call it what it is: Our Earned Retirement Income.

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About J. D. Groover

I truely believe that what should matter most in life is how you see yourself, not how someone else tries to convince you to see yourself. *****Life is not about "finding yourself"*****its about creating yourself.!!!!! I write and post things here because I like to think I am contributing some things of value to my world. Some times a little humor, some times things with a more serious tone, but hopefully always in good taste. If what I post occasionally bites a politician in the ass, all the better :>)
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