Wanted - someone with math savy


twandx's picture

twandx - Posted on 21 September 2011

This was sent to me, I am forwarding it becausemath is not in my personal data base.  To me, SS has been alot like any insurence policy - you pay into it every month.  If something goes wrong, there it is; if not the money is lost.  But SS differs in a significant way - if one lives long enough it is a savings policy that pays off, keeping many elderly people off the dole.

This is another example of what Rick Perry called
"TREASON in high places" !!!

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
Madhoff 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.

 

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NewHampster's picture

 Back in ancient days (2009), we aksed Congress to either give up or give us the same health care they get.  Good luck.  

Civil Discourse - ERA - A Mother President - Women's Rights - Primary Reform

NewHampster's picture

 Another reason why I love my Kia Sorento.  My little Kia Pet Hamster.

Kia Pet

Civil Discourse - ERA - A Mother President - Women's Rights - Primary Reform

NewHampster's picture

Is where I'll be fishing for the next 5 days.

toodles

Civil Discourse - ERA - A Mother President - Women's Rights - Primary Reform

twandx's picture

to watch out for hamsters duded up in red.

Police macing women participating in Wall Street (peaceful) protest:
http://youtu.be/moD2JnGTToA    (This is 8th day of protest.  Not much media coverage.)