Imagine Uncle Managing Your Savings

Social_Security_Card_and_Money_slideshow-2.jpg

This post has been around the country a few times, and I have read it many times. Somehow I never posted it. The more I read it the more upset I get. In fact, as I read it now, I picked up on something that didn’t register before. The government does not contribute a single cent to your Social Security. It is you and your employer who put in the money. Somehow Uncle plays a shell game and switches the pea to a new shell. The government only protects the money for us, and they do a piss-poor job of it. They say they borrow it and when you need it they will pay it back. That must be where they get the idea that it belongs to them. Read this entire piece and you will understand the process better. The worst part of it is that the government always threatens to default on its Social Security obligations when a shut down is nearing. That is so they can get paid first, by using the money we put into the fund for our retirement.

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Who died before they collected Social Security?

KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS HAD THEOPPORTUNITY TO READ IT…

THIS IS SURE SOMETHING TO THINK ABOUT!!!!

THE ONLY THING WRONG WITH THE GOVERNMENT’S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!!

WHERE DID THAT MONEY GO?

Remember, not only did you and I 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.

Read that again.

Did you see where the Government paid in one single penny?

We are talking about the money you and your employer put in a Government bank to insure you and me that we would have a retirement check from the money we put in, not the Government.

Now they are calling the money we put in an entitlement when we reach the age to take it back.

If you calculate the future invested value of $4,500 per year (yours & your employer’s contribution) at a simple 5% interest (less than what the Government 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 DID.

Entitlement my foot; I paid cash for my social security insurance!

Just because they borrowed the money for other government spending, doesn’t make my benefits some kind of charity or handout!!

Remember the benefits for members of Congress?

+          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 payments entitlements?  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? It was supposed to be in a locked box, not part of the general fund.

Sad isn’t it?

99% of people won’t have the guts to forward this.

I’m in the 1% 

I JUST DID!

 

2 Responses

  1. In creating an illusion of governance and order, governments keep getting bloated without accountability, therefore consuming more and more cents out of every dollar we contribute to taxes. Partly, I think, we, the common people, are to blame, as we keep expecting the government to do more and more. But that is only part of the problem. Governments need to find a way to become lean and efficient in order to protect our interest.

    • We the people should demand Conservatism, and small government with our vote.

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