Subject: YOUR social security
To: Ken Adachi
Date: Tue, October 4, 2011
I didn't check this math…So assume it is true.
This was sent to me, I am forwarding it because it does touch a nerve in
This is another example of what some call "TREASON in high places" !
Get angry and pass this on!
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 you'd have
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 Madhoff ever had.
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 ---- 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 entitlements?
We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless
In the last months we have provided aid to�Haiti�,�Chile�, and Turkey .
And now�Pakistan�......home of bin Laden. Literally, BILLIONS of
Our retired seniors living on a 'fixed income' receive no aid nor do
they get any breaks while our government and religious organizations
pour Hundreds of Billions of dollars and tons of Food to foreign
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抯
time for us to collect, the government is running out of money. Why did
the government borrow from it in the first place? Imagine if the
*GOVERNMENT* gave 'US' the same support they give to other countries.
Sad isn't it?
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