My sister sent this to me (via Fox 5 News) and I was outraged. See what you think.
**SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT'/ENTITLEMENT!**
Did you know your/my Social Security check is now referred to as a
"Federal Benefit Payment"?
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 - its 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 investment in
social security ($375/month, including both
your and your employer's 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" 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. 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
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.
And a little "P.S." a big chunk of what we used to spend on space exploration (i.e. space station which we no longer participate in) is now going to help Muslims around the world feel better about their contributions to history ! Our tax dollars are promoting a religion that wants to kill us. This makes no sense! Talk about separation of church and state...ain't going on there! (Google something to the effect of "NASA funds going for Islamic religion". So instead of supporting Islam with our tax dollars why don't we build up the "missing funds" Congress borrowed (stole) from Social Security? or go here