[infoshare] Social Security now called Federal Benefit Payment

From: "Maria" <malyn87@xxxxxxxxxxxxx>
To: "Lynner" <techlynne46@xxxxxxxxx>
Date: Sun, 5 Aug 2012 13:01:47 -0400
Hi, Folks,

Sorry for the prior blank email of the following information. I'm not quite 
myself in the head today, but I thought y'all might like to check it out. 


       









      SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT'/ENTITLEMENT!


      Have you noticed, your Social Security check is now referred to as a 
"Federal Benefit Payment"?


      I'll be part of the one percent to forward this.

      I am forwarding it because it touches a nerve in me, and I hope it will 
in you.

      Please keep passing it on until everyone in our country has read it.

      The government is now referring to our Social Security checks as a 
“Federal Benefit Payment.”
      This isn’t a benefit – its earned income!

      Not only did we all contribute to Social Security but our employers did 
too.

      It totaled 15% of our income before taxes.

      If you averaged $30K per year over your working life, that's close to 
$180,000 invested in Social Security.


      If you calculate the future value of your monthly investment in social 
security ($375/month,

      including both your and your employer’s contributions) at a meager 1% 
interest rate compounded monthly,

      after 40 years of working you'd have more than $1.3+ million dollars 
saved! This is your personal investment.


      Upon retirement, if you took out only 3% per year, you'd receive $39,318 
per year, or $3,277 per month.

      That’s almost three times more than today’s average Social Security 
benefit of $1,230 per month,

      according to the Social Security Administration (Google it - it’s a fact).

      And your retirement fund would last more than 33 years (until you're 98 
if you retire at age 65)!

      I can only imagine how much better most average-income people could live 
in retirement if

      our government had just invested our money in low-risk interest-earning 
accounts.

      Instead, the folks in Washington pulled off a bigger Ponzi scheme than 
Bernie Madoff ever did.

      They took our money and used it elsewhere. They “forgot” that it was OUR 
money they were taking.

      They didn’t have a referendum to ask us if we wanted to lend the money to 
them.

      And they didn’t pay interest on the debt they assumed.

      And recently, they’ve told us that the money won’t support us for very 
much longer.

      But is it our fault they misused our investments?

      And now, to add insult to injury, they’re calling it a “benefit,” as if 
we never worked to earn every penny of it.
      Just because they “borrowed” the money, doesn't mean that our investments 
were a charity!

      Let’s take a stand.

      We have earned our right to Social Security and Medicare.

      Demand that our legislators bring some sense into our government –

      Find a way to keep Social Security and Medicare going, for the sake of 
that 92% of our population who need it.

      Here’s a novel idea: Reduce the military budget to support our own 
population.

      Get out of the countries who don’t want us there.

      Bring our soldiers home and invest some of the $700B+ in giving them new 
careers

      building roads and parks, teaching our children, creating new 
technologies, discovering cures for illness.

      Then take the rest and begin to pay back Social Security, and call it 
what it is:

      Our Earned Retirement Income.

      99% of people won't forward this.
      Will you?






      -- 
      Randy Shannon

      yours for the People's Budget,
      PA 4th CD Chapter, Progressive Democrats of America

      "Happy the nation whose people has not forgotten how to rebel." R.H. 
Tawney

     


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[infoshare] Social Security now called Federal Benefit Payment

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