SOCIAL SECURITY becomes FEDERAL BENEFIT CHECK


 Have you noticed, the Social Security check is now referred to as a “Federal Benefit Payment”?
I’ll be happy to publish 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. 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 .
That’s almost three times more than today’s 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 (Knew) 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 they assumed .
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 a gift to the government!
Let’s take a stand.
We have earned our right to Social Security and Medicare. Demand that our elected representatives 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. *Then 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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7 Responses to SOCIAL SECURITY becomes FEDERAL BENEFIT CHECK

  1. 1959duke says:

    Interesting Post. Its much more complicated than that. Especially when it comes to Medicare. Social Security is a simple fix. Medicare is not. My wife deals with Medicare everyday and dealing with all of these aging baby boomers is a nightmare and vast majority of them have not hit the system yet. There is not one person who knows what is going to happen when they do. There are so many things that drive up the cost. Just because SS puts out figures doesn’t mean they are true.

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    • Jim G. says:

      Government bureaucrats and their mindless minions always squawk and say its more complicated when I hit the target dead on. They are incapable of admitting their own failures. I’m very happy that I struck a nerve.

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      • 1959duke says:

        Your happy for no reason. You did not strike a nerve. I’m old enough to recall things that many on here never even know took place. I do feel sad for you that your intent was to get others upset.

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      • Jim G. says:

        Ha! I’m older than you are by almost 20 years and the only thing you’re sorry about, other than your ignorance of the English language and good grammar, is being caught.

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  2. BloggersTech says:
  3. yourothermotherhere says:

    Reblogged this on breastfedblog.

    Like

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