Social Security entitlement?, We paid they wasted, Congress gets entitlements, Real ponzi scheme
“We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.”…Abraham Lincoln
“You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.”…Abraham Lincoln
Social Security entitlement? My ass. Every time I hear that word I get furious. We paid, the ones of us who worked, into this system and were given no choice in the matter. The following email resonated with me.
“What the “H” is wrong?
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 (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 Madhoff ever had.
I didn’t try to clean up the language in this message. It makes a better impact as it is.
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 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 retirement entitlements !!!!!!”
“What the HELL’s wrong??? WAKE UP AMERICA !!!!”
And by the way Rush Limbaugh, I have heard you refer to social security as a entitlement. I hope that you were being sarcastic.