Friday, May 24, 2013



Have you noticed, the Social Security check is now referred to as a "Federal Benefit Payment"? 

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 (ignored) 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 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 .

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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