SOMEONE BETTER GET A GRIP ON THE STEALING TAKING PLACE AGAINST THE S. S. SYSTEM BY WASHINGTON, D.C. AND OBAMA

 to this one.

 

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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 $892,919.98.   If you took out only 3% per year, you would 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, D.C. have pulled off a bigger Ponzi scheme than Bernie Madhoff ever had. Entitlement my ass , we paid cash for our social security insurance!!!! Just because they (the politicians) borrowed the money , doesn't make our 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 our retirement "entitlements" !!!!!!