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Edited on Thu Jul-21-11 03:56 PM by BrklynLiberal
From a recent email.....
An "Entitlement???"
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What the hell is wrong here?
Remember, not only did you contribute to Social Security but your employer did too. It totaled 13.3% 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 (me) you'd have $892,919.98.
If you took out only 3% per year, you receive $26,787.60 per year and it would last better than 30 years, 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 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 , aka. free health care , 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 retirement entitlements !!!!!! .............................................................................................. Emergency Rooms for general health care at just one hospital cost tax payers over 25 million a year!!!
Someone please tell me what the HELL's wrong with people that insist on cutting our "entitlements"!!!!!!
We're "broke" & 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.
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?
AMERICA: a country where we have homeless without shelter, children going to bed hungry, elderly going without 'needed' meds, and mentally ill without treatment -etc,etc.
Imagine if the *GOVERNMENT* gave 'US' the same support they give to other countries.
SAD?
YEAH, OK, SO WHEN DO WE GET PISSED AND DO SOMETHING ABOUT IT?????
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