Where is all the Social Security Money~

CAN YOU BELIEVE THIS?

The government is trying to tweak the facts so that SS is perceived as some kind of charity program for the needy and not already our own money that we earned and trusted them with all our lives so that we would be secure in our old age!

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 (that was me) 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 Madhoff ever had.

Entitlement my a==,
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, aka.:
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 etc.!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 its 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

I joined AMAC; here’s the link (just copy and paste in your browser):   http://www.amac.us/   (The Association for Mature American Citizens).