TURN on your Defibulator

Discussion in 'Off Topic' started by fredball, Jan 7, 2016.

  1. fredball

    fredball
    Vancouver, WA
    Well-Known Member

    Messages:
    4,218
    Likes Received:
    5,657
    TURN on your Defibulator



    NEW SS PAYMENTS


    The Social Security check is now (or soon will be) referred to as a
    *Federal Benefit Payment*?

    This puts all we older folks in the”Food Stamp/EBT card group.”


    I'll be part of the one percent to forward this. I am forwarding it
    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 is our money paid out of our
    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 invest-ment in social
    Security ($375/month, including both you 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 – it’s 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 (oh yes, they 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. (Isn't it funny that they
    NEVER say this about welfare payments?)


    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.


    99% of people won't share this. Will you?
     
    BoonDocks36 and 41Slinger like this.
  2. Chee-to

    Chee-to
    Oregon
    Well-Known Member

    Messages:
    2,305
    Likes Received:
    1,825
    In April 1983, Social Security reforms were passed. The reforms enabled our government to collect what accumulated to the $2.6 trillion in the Social Security Trust Fund. (The $2.6 trillion is a combination of taxes collected and accumulated interest.)
     
  3. Certaindeaf

    Certaindeaf
    SE Portland
    Well-Known Member

    Messages:
    9,163
    Likes Received:
    11,054
    Might as well call it Charlie Brown's Great Failed Pyramid Scheme Payment and call it good.
     
    clearconscience likes this.
  4. clearconscience

    clearconscience
    Vancouver, WA
    Well-Known Member

    Messages:
    6,291
    Likes Received:
    9,230
    I don't pay attention the SS because by the time I'm able to collect it will be gone. Stolen by our govt, or paid out to all the illegals that never paid into it.

    Typical govt stealing money from it's people.
     
    Dyjital and oknow like this.
  5. 41Slinger

    41Slinger
    Harrisburg Oregon
    Well-Known Member

    Messages:
    772
    Likes Received:
    1,330
    As of Jan. 1, 2016 I started collecting my SS money and it appears from what Fredball said, well, I guess I'm going to have to live a whole lot longer than 98 to get my money back.
     
    edslhead, U201491 and STUKA like this.
  6. edslhead

    edslhead
    Vanc
    Platinum Supporter Platinum Supporter Gold Supporter Silver Supporter

    Messages:
    2,449
    Likes Received:
    5,283
    At least we get to see a check:p. Were the lucky ones
     
  7. Mikej

    Mikej
    Portland
    Gold Supporter Gold Supporter 2015 Volunteer 2016 Volunteer 2017 Volunteer

    Messages:
    3,821
    Likes Received:
    4,793
    The guy that live across the street from me.....About 50 now I'd say.....Sells drugs, has spent 16 years in prison, has four cars, doesn't work and I have a hunch has not worked much if at all in his entire life......He gets social security!
     
  8. Dyjital

    Dyjital
    Albany, Ore
    Flavorite Member Bronze Supporter

    Messages:
    5,543
    Likes Received:
    7,501
    We are good here Until the 401K is absorbed by the greedy assed government.
     

Share This Page