Where Did All The Money Go?


The people who died before they collected Social Security?
KEEP PASSING THIS AROUND UNTIL EVERYONE HAS HAD THE OPPORTUNITY TO READ IT.
THIS IS SURE SOMETHING TO THINK ABOUT!
THE ONLY THING WRONG WITH THE OVERNMENT’S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SINGLE 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.
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?
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 SHARE this.
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About Jim G.

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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