Entitlements?
I don't think so!
KEEP
PASSING THIS AROUND!
SOMETHING TO THINK
ABOUT THE ONLY THING WRONG WITH THIS CALCULATION IS THEY FORGOT TO
FIGURE IN THE PEOPLE WHO DIED BEFORE THEY COLLECTED THEIR SOCIAL
SECURITY! WHERE DID THAT MONEY GO?
Get angry and pass
this on! Remember, not only did you 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.
If you calculate the future value of $4,500 per year (yours & your
employer's contribution) at a simple 5% (less than what the govt. 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 had.
Entitlement my ass, I paid cash for my social security insurance!
Just because they borrowed the money, doesn't make my benefits some kind
of charity or handout!! 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 entitlements? We're
"broke" and can't help our own Seniors, Veterans, Orphans, Homeless In
the last months we have provided aid to Haiti , Chile , and Turkey . And
now Pakistan ......home of bin Laden. Literally, BILLIONS of DOLLARS!!!
Our retired seniors living on a 'fixed income' receive no aid nor do
they get any breaks while our government and religious organizations
pour Hundreds of Billions of $$$$$$'s and Tons of Food to Foreign
Countries! 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? Imagine
if the *GOVERNMENT* gave 'US' the same support they give to other
countries. Sad isn't it? 99% of people won't have the guts to forward
this. I'm one of the 1% -- I Just Did.