I got this little tidbit in an E-Mail the other day.
Remember, not only did you and contribute to Social Security 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 $229,500 Dollars.
Do you see where the Government put in One Single Penny?
We are talking about the Money you and your employer put in a Government Bank to insure that you and I 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 (your, and your employer’s contribution) a year at a simple 5% interest (which is less than the government pays on the money it borrows).
After 49yrs of working you would have $892,919.98. If you only took out 3% a year, you would receive $26,787.60 per year and it would last more than 30 years (until 95, if you retired at 65), and that’s with no interest paid on the final amount on deposit.
If you bought an annuity and it paid 4% a year, you would have a life time income of $2,976.40 a month.
Just because the Politicians borrowed that money for other Government spending does not make Social Security benefits some kind of Charity or Government handout.
Congressional benefits?–Free Health care, outrageous retirement benefits,67 paid Holidays,–the list goes on.
After working all your life, when it comes time to collect, the Government says it’s running out of Money,
it was supposed to be in a “locked box” not part of the General Fund , Why did government borrow it in the first place? We all know the answer,–Spend,Spend,Spend.
Now Jeb Bush wants to increase the Retirement Age to 70years or more, I’m sure to collect the Money and not have to pay out to those who die before they can claim “their” money.
How in the Hell can anyone Vote for this Creep for President is beyond understanding.
Crash. Social Security is the ultimate Ponzi scheme and no one, Jeb Bush, Barack H Obama, Hillary Clinton, or any other Washington politician has the guts to admit it.
You are right of course, but, I think it’s time to cut out the largesse given across the world as Foreign Aid when obviously the patient at Home(Social Security). needs a transfusion (cash).
The borrowing of Money,–to hand out to Foreign Governments,– is insane economics, with the return on the investment dubious to say the least.
So what stupid hateful thing will republicans say today?
Rejoicing in people’s health insurance being taken away?
Voting against veterans benefits while wrappings themselves in the flag and putting a new “Support the troops” bumper sticker on their gas guzzling 4 x 4?
brains – I’d bet you drive a Prius.
If he did drive a Prius that would make him smarter than you. Oh Wait he already is smarter than you no matter what he drives.
Actually, brains, I awake every day wondering what stupid, hateful things you will say today. Get over yourself. You ain’t that much.
pilot: me too.
You mad bro?
Just holding up the mirror pal and repeating what your gangsters, err I mean leaders are saying. Do you not like what you see?
Perry said he was climbing in the clown car car toda
Perry said today that he was climbing into the clown car. Speaking from his Texas log cabin he said there were three reasons to vote for him
“He’s a conservative christian, he hates gays and liberals more than any other R and ummm ahhhhh ehhhh ummm oh whatever “
Jen also said he would join the other clowns on the 15th. Already he’s being accused of violating campaign finance laws. He promised to continue his brother’s failed policies just do them better. In other words he promised to bring the country to its knees but do it with more finesse.
The country hs already been brought to it’s knees. And who’s Jen?
Jen is Jeb on autocorrect.
Yes! I’m voting for Jen Bush. First female Bush President!!
Jen is also Jeb in a dem’s empty head.
You comment is as important and meaningful as the debate over same sex marriage is to the future of our country.
I got this little tidbit in an E-Mail the other day.
Remember, not only did you and contribute to Social Security 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 $229,500 Dollars.
Do you see where the Government put in One Single Penny?
We are talking about the Money you and your employer put in a Government Bank to insure that you and I 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 (your, and your employer’s contribution) a year at a simple 5% interest (which is less than the government pays on the money it borrows).
After 49yrs of working you would have $892,919.98. If you only took out 3% a year, you would receive $26,787.60 per year and it would last more than 30 years (until 95, if you retired at 65), and that’s with no interest paid on the final amount on deposit.
If you bought an annuity and it paid 4% a year, you would have a life time income of $2,976.40 a month.
Just because the Politicians borrowed that money for other Government spending does not make Social Security benefits some kind of Charity or Government handout.
Congressional benefits?–Free Health care, outrageous retirement benefits,67 paid Holidays,–the list goes on.
After working all your life, when it comes time to collect, the Government says it’s running out of Money,
it was supposed to be in a “locked box” not part of the General Fund , Why did government borrow it in the first place? We all know the answer,–Spend,Spend,Spend.
Now Jeb Bush wants to increase the Retirement Age to 70years or more, I’m sure to collect the Money and not have to pay out to those who die before they can claim “their” money.
How in the Hell can anyone Vote for this Creep for President is beyond understanding.
Crash. Social Security is the ultimate Ponzi scheme and no one, Jeb Bush, Barack H Obama, Hillary Clinton, or any other Washington politician has the guts to admit it.
You are right of course, but, I think it’s time to cut out the largesse given across the world as Foreign Aid when obviously the patient at Home(Social Security). needs a transfusion (cash).
The borrowing of Money,–to hand out to Foreign Governments,– is insane economics, with the return on the investment dubious to say the least.
So what stupid hateful thing will republicans say today?
Rejoicing in people’s health insurance being taken away?
Voting against veterans benefits while wrappings themselves in the flag and putting a new “Support the troops” bumper sticker on their gas guzzling 4 x 4?
brains – I’d bet you drive a Prius.
If he did drive a Prius that would make him smarter than you. Oh Wait he already is smarter than you no matter what he drives.
Actually, brains, I awake every day wondering what stupid, hateful things you will say today. Get over yourself. You ain’t that much.
pilot: me too.
You mad bro?
Just holding up the mirror pal and repeating what your gangsters, err I mean leaders are saying. Do you not like what you see?
Perry said he was climbing in the clown car car toda
Perry said today that he was climbing into the clown car. Speaking from his Texas log cabin he said there were three reasons to vote for him
“He’s a conservative christian, he hates gays and liberals more than any other R and ummm ahhhhh ehhhh ummm oh whatever “
Jen also said he would join the other clowns on the 15th. Already he’s being accused of violating campaign finance laws. He promised to continue his brother’s failed policies just do them better. In other words he promised to bring the country to its knees but do it with more finesse.
The country hs already been brought to it’s knees. And who’s Jen?
Jen is Jeb on autocorrect.
Yes! I’m voting for Jen Bush. First female Bush President!!
Jen is also Jeb in a dem’s empty head.
You comment is as important and meaningful as the debate over same sex marriage is to the future of our country.
Yeah, I hate that shirt.
Comments are closed.