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Federal Benefit Payment/Entitlements

ENTITLEMENT MY BUTT. I PAID CASH FOR MY Social Security insurance!!!! Just because they borrowed the money, does not make my benefits some kind of Charity or handout!!!

Social Security now called:FEDERAL BENIFIT PAYMENT?

Have you  noticed,your Social Security is now referred to a :Federal benifit payment!!

!I have been asked to be one of the 1% to forward this story, Our government gets away with way too much in all areas of our lives, while those in positions of power live lavishly on their grossly overpaid incomes I uge you to pass this message on until everyone you knows get to read it.

SOCIAL SECURITY  Remember, not only did you contibute to social secuity but your Employer did too. It totaled 15% of your income before taxes. If you averaged only 30,000 dollars over your working life, that is close to $220,500 If you calculate the future value $4500 per year(yours and your employer's contribution) at a simple 5%(less than what the government pays on the money it borrows),after 49 years of working you's have $892,919.98. If you took out only 3% a year ,you'd  receive $26,787.60 per year and it would last better than 30 years (until your 95 if you retire at 65) and that with no interest paid on that final amount on deposit. If your bought an annuity and it paid 4% a year, you would have a lifetime income $2,976.40 Per month.

ENTITLEMENT MY BUTT. I PAID CASH FOR MY Social Security insurance!!!! Just because they borrowed the money, does not make my benefits some kind of Charity or handout!!!

Congressional benefits----Free halathcare, outrageous retirement packages,67 Paid Holidays,Thee weeks paid vacation, unlimited paid sick days NOW THATS WELFARE. They have the nerve to call my social security retirement payments entilements.

We are "broke" and cannot help our own Seniors, Veterans,Orphans.Homeless

Yet we can provide aid to Haiti,Chile and Turkey and now to Pakistan (Home of Bin Laben until assassinated. Financing the UN war on Terror$$$$!!!!

 

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howard mcgowan November 27, 2012 at 09:14 PM
forgive misspellings accept the message
B.E.M. November 27, 2012 at 09:22 PM
http://www.snopes.com/politics/taxes/benefit.asp

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