If you receive a Social Security Check, have you noticed the name has changed? Yep, it's now a "Federal Benefit Payment". Snopes says it's true; so does Daily Paul and Accuracy in Media.
The government is calling our money, the money WE CONTRIBUTED, AND OUR EMPLOYERS CONTRIBUTED, "Federal Benefit Payment".
If you calculate the future value of your monthly investment in social security $375/month, including both your and your employers contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you'd have more than $1.3 million saved! This is your personal investment!
When you retired, 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 Security Security benefit of $1,230 per month, according to the Social Security Administration! Also, your retirement fund would last more than 33 years...until you're 98 if you retire at age 65! So, do you think you could live on $3,277 a month?
Yeah, but...those pesky Inside the Beltway DC folks have pulled off a Ponzi scheme that makes Bernie Madoff bow in admiration. Our "Representatives" took OUR money and used it...someplace else! They TOOK OUR MONEY and no, I didn't get a phone call asking permission, much less a referendum.
Did you? No, I didn't think so.
No interest paid on the debt "they" assumed either. Well, really it's us who has the debt but why split hairs, eh? By the way, how long ago was it, "our" Inside the Beltway Representatives told us they money won't support us for much longer. Folks, Social Security is broke; dead broke.
So, I'm not feeling warm and fuzzy; how about you? No? How about another head slap?
Social Security Benefits are now being called...wait for it...tadaa!
The government is calling our money, the money WE CONTRIBUTED, AND OUR EMPLOYERS CONTRIBUTED, "Federal Benefit Payment".
NOT!
Our contribution to Social Security totals 15% of our income before taxes. If you averaged $30,000 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 employers contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you'd have more than $1.3 million saved! This is your personal investment!
When you retired, 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 Security Security benefit of $1,230 per month, according to the Social Security Administration! Also, your retirement fund would last more than 33 years...until you're 98 if you retire at age 65! So, do you think you could live on $3,277 a month?
Yeah, but...those pesky Inside the Beltway DC folks have pulled off a Ponzi scheme that makes Bernie Madoff bow in admiration. Our "Representatives" took OUR money and used it...someplace else! They TOOK OUR MONEY and no, I didn't get a phone call asking permission, much less a referendum.
Did you? No, I didn't think so.
No interest paid on the debt "they" assumed either. Well, really it's us who has the debt but why split hairs, eh? By the way, how long ago was it, "our" Inside the Beltway Representatives told us they money won't support us for much longer. Folks, Social Security is broke; dead broke.
So, I'm not feeling warm and fuzzy; how about you? No? How about another head slap?
Social Security Benefits are now being called...wait for it...tadaa!
FEDERAL BENEFIT PAYMENT!
Well, as Flo used to say...KISS MY GRITS! We, the Tax Slaves of America, have worked dang hard for our money and so we could "contribute" to Social Security. Oh yeah, our 7.5% was called a "contribution" and our employers 7.5% was also called a contribution. Did you have a choice whether to pay it or not? No, I thought not; me neither.
"Our" legislators are calling our contribution a benefit and ignoring the fact we worked to earn every penny. Just because they borrowed our money, without permission I might add, doesn't mean Social Security is a charity. It is NOT a "federal benefit"; it's OUR MONEY, WE EARNED IT and "our" representatives need to either REPRESENT US or give up the job!
If you're happy with having your contribution to Social Security now being labeled a "Federal Benefit Payment", keep voting for the folks now in office. If you're unhappy, vote them OUT of office. That's what I'm going to do...whoever is in office now, I'm voting them all out in November.
Feel free to share this Ponzi Scheme on your blog, etc.
Feel free to share this Ponzi Scheme on your blog, etc.
Blessings ~ a chance to vote the bums out in November ~
What else do the American people need to realize we have a non-American as President, or an un-American if you prefer that term. Socialism X10, making all of us slaves to the government. The Dems are too afraid to do the right thing because THEY could lose their jobs & the Pres would get really mad. ????????? Who put those people in office? I live in Texas and I cannot find ONE person who voted for this guy.
ReplyDeleteGood God! I had no idea! I'm with you, sister. I fear that if there isn't a change in November, we won't recognize this country in another year. I'm truly afraid, and I hope the rest of America is, too. (I mean those who aren't receiving FREE Obama cell phones!)
ReplyDeletexoxo
D
I need to check my auto deposit to see what is says now compared to last year. I am voting your way too.
ReplyDeleteJust telling it like it is Sandra, and thank-you!
ReplyDeleteRe-wording and re-phrasing , just another way to fool and deceive.
Hello Sandra:
ReplyDeleteAlthough we are not at all familiar with any of this, we do have to say that much the same applies in the United Kingdom where compulsory payments, made over a great many years, are converted into 'Benefits'. Such is the way of the world!!
Amen, Sistah!!! Preach it! Love you.
ReplyDeleteBravo! Well said!
ReplyDeleteWell, this got my dander up . . .
ReplyDeleteI had no idea that it had been changed to that. What is the deduction called on the check now I wonder? I bet it is still called Social Security. They want to us to not notice that is changed because it will be at least 15 years for us until a check comes and that is a big if.
ReplyDeleteThanks for the heads up and this really burns me up. Thanks for the heads up.
Yep, makes me sick. Sadly, the voices trying to be heard are getting demonized or drowned out completely. I'm under age 55 so it's becoming doubtful that I'll ever see a dime back. I think when the politicians first set this up, life expectancy was much lower, so they didn't expect to have to pay out. Grrrrr!
ReplyDeleteWell said and I ask your permission to share this with those I know on SS and the rest who are paying into it!
ReplyDeleteSome of the things this Government has done are so outragously frightening and when talking to the general public, I'd say at least 1/2 think Obama is a good President and the other half feel the opposite but many of those are either voting for third party or not voting at all. So..... it's our worst fear that we'll end up with another 4 yrs of this and you can bet your putty it will NOT be better but far, far worse*sigh* Thank you for your candid word, more people need to share this and be more candid!
Blessings to you and yours,
Kelle
I love your blog, Sandra. One day it is a kitten, the next tax stuff ... etc. You are a smart and passionate woman.
ReplyDeleteFondly,
Glenda
Boy! Right on Sister! You sound like me. I enjoy country doings, animals, motorcycling, etc. but right now it's all "right wing blog" posts. Thank you speaking the truth. Our country is BROKE! OH .. and in case y'all don't know, many churches around the country are encouraging a 40 Days Of Prayer before the election. Thank you for being one of those Prayer Warriors (I know you are). God bless. ~ Sparky in SE Georgia (I happened here from Stickgirls blog)
ReplyDeleteThank God I'm an Aussie.:) Not that our Prime minister is doing too good a job here!! Sue
ReplyDeleteAmen Sister!!!
ReplyDeleteI could not agree more with every statement here.
Will pass it along,
Have a great day Elizabeth
Marsha, the American people are so busy trying to get "free" money they don't care they are selling their souls.
ReplyDeleteDonna, because I bought a Straight Talk phone from WalMart, I keep getting government mail asking if I want them to give me a phone!
Tombstone, I want them ALL out, NOW!
KathyB, "our" government, indeed NOT!
Jane and Lance, one world government...NOT!
Becky, if we don't spread the word, we can't complain about being duped.
allenquilts, thank you, please spread the word.
Lynne...good! Now spread the word.
Farm Girl...no SS for us, it'll be gone by then if not before.
Gail, what's so dang wrong with being conservative? It's got us this far!
Kelle, YES, use this information and spread the word!
Glenda, thank you and some might say crazy woman -grin-.
Sparky, makes me mad and all I know is to spread the word.
Maa...I think one has to be crooked to be a politician; seems that way to me.
Elizabeth, thank you for passing it along!