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"Our Earned Retirement Income" (3484 hits)

/*
"What do you think about this?"

This message was received from a friend of my Wife...the message really infuriated me as I'm sure it will you (especially those of you who are of pre and retirement age and/or disabled), and those who are currently suffering through torturing court litigations...
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SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT'/ENTITLEMENT!

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

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 donation! 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 – (now there’s a real challenge).

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

Then call it what it is: Our Earned Retirement Income.

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

Peace and Love,

Greg. and All those who contributed to the delivery of this message...
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Posted By: Gregory Boulware, Esq.
Friday, October 5th 2012 at 5:17PM
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Thank you, thank you Greg. I think they also made a mistake (among many others probably) in using the actuarial data of the time. Or maybe they just did it on purpose. They also pay out disability to people who have put in very little. Perhaps this is why they changed the name. My concern is not for myself, but for my kids and grandkids, who will be "holding the bag" long after I am gone (along with who knows how many trillions of debt). We need to get the hell out of the war business! That alone would allow us to take care of ourselves, and guarantee a decent future for our children!
Friday, October 5th 2012 at 10:34PM
Steve Williams
Irma, do you think this is what FDR had in mind from the start? An interesting factoid I turned up, SS was started in 1935 but the first payouts were not until 1940.
Friday, October 5th 2012 at 11:28PM
Steve Williams
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You're very welcomed... Iknew this info would piss off many of us who haved contributed our hard earned doe and lives into this system - I've given up forty-five years worth of contributions.

Ihear ya - loud and clear! it just pissess me off to know that they just lie and lie and lie about OUR SOCIAL SECURITY - they deny it to us when we need it, they say to us that it will run out...Irma, you hit the nail on the head when you mentioned the "folks who died and never received a dime of that money!" Where is it? Where did it go? Who spent it? Who gave them permission to use Our Money to gamble with - while never bothering to ask Us! They could have asked us for a loan if they needed money, yes? They didn't even bother to put it on the Voting Ballot! And yet, the money is going to run out before our children can benefit. it seems to me that they are covering thier asses well before they get caught and run out on a rail!

What blatant lies they tell...they're pissing down our backs and telling us It's raining! When and how do we stop the thievery and end these lies - and keep their hands off our money - and to open the coffers to help all of the workers who need thier money - NOW!

Wars create income for the war-mongers, Brother Steve...check with the guys at Halliburton and **** chaney - romney knows the good-ole boys, don't you think? he told us what he thought of us and what he'll do when he gains control of the White House...the plan is to divide and conquer on the state level while receiving kick-backs, the poor will simply die off...old foklks, like me and a few others are expected to make out exit - no food stamps, medicar, or cash assistance, period!

Thanks for the comments my friends.

Peace and Love,

Greg.
*/

Friday, October 5th 2012 at 11:46PM
Gregory Boulware, Esq.
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"Our Earned Retirement Income" http://blackinamerica.com/cgi-bin/blog.cgi?blog_id=239397&cid=10&edit=#.UG-hmj76uCw.twitter … - How many of You Are Pissed Off with having your Money Stolen?
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Friday, October 5th 2012 at 11:56PM
Gregory Boulware, Esq.
Are you able to get that online Irma or would you like me to look for it? And the same is happening today, our government is using Weather Warfare on us!
Saturday, October 6th 2012 at 12:27AM
Steve Williams
There is more than one way to skin an American...
Saturday, October 6th 2012 at 12:29AM
Steve Williams
Sorry about your husband Irma, I didn't know.
Saturday, October 6th 2012 at 12:51AM
Steve Williams
Great Post Brother Greg. Informative! You keep us abrupt in subject matters which we need knowlege of. "It is a good thing!"

Saturday, October 6th 2012 at 11:55AM
MIISRAEL Bride
@Brother Greg, as long as our federal government owes SS over $22 trillion they will distract any way they can...BRAINWASHING..US AGAINST OUR OWN BEST INTEREST...

BUT, MY BROTHER WHAT REALLY GETS TO ME IS WE NEVER HEAR 'UNION' AND MIDDLE-CLASS IN THE SAME SENTENCE...AND WHAT ABOUT ALL OF THE UNION JOBS WE CAN'T OUT SSOURCE:TEACHERS, FIREMEN, PAYING LIVING WAGES, RETIRMENTS, HEALTH BENEFITS ECT. WE MUST VOT PEOPLE INTO OFFICE TO GET RID OF THEM FOR US...

NO, THIS DOES NOT BOTHER ME SINCE WE SEEM TO HAVE CHOSEN TO MAKE THIS A PART OF OUR SOCIAL NORMS, GREG. (NUP)
Thursday, April 10th 2014 at 6:47PM
@Steve, what about interest over all those years...what about those countless people who paid in all of their adult lives and died before recieving a penny?!?...

but, maybe one day we may want to hold our federal government for using ss and medical as the federal government's piggy bank until China/ international banks got deregulated came along. (smile)
Thursday, April 10th 2014 at 6:47PM
...Oh nd thanks for tis post Greg. My checks goes to direct deposit and I did not know this. (smile)
Thursday, April 10th 2014 at 6:47PM
You are so right Greg, this is why we must get over having a "Black' president and go into those voting booths and do as we did for for ever and vote for our civil rights (too ba most of our people don't know this either...

The romney's want control back in the hands of the states as this is where we get our civil rights or has no on eeven noticed how these states run by republicans have has us back in court fighting at the state level all over again for BVBOE???? so we need to get pass all of tis political bull s###t and go vote for who gets on the next supreme court since almost all of the rights gained in the 60s have been whittled away already!!!

EDUCATE!!!EDUCATE!!!EDUCATE!!! (S-M-I-L-E)...

THIS FORM OF VOTING WE CAN CALL MAYBE A THIRD POLITICAL PARTY THAT IS SO NEEDED...ONE WITH NO POLITICS ONLY PLAIN OLD EVERYDAY COMMON SENSE WE USE TO HAVE...
Thursday, April 10th 2014 at 6:47PM
..NO STEVE WHAT FDR HAD IN MIND WAS A PEOPLESZ NEVER ALLOW THEIR CHILDREN TO GO NEEDY...AND, MUCH LIKE LINCLON HE WANTED TO SAVE THE NATION FROM HARM FROM WITHIN...LIKE UNIONS, FIGHTING FOR CIVIL RIGHTS...REMEMBER STEVE WE AT TAHT TIME STILL HAD SEPERATE IS EQUAL MUCH LIKE WE STILL DO TO DAY AND IN THE NAME OF THE SAME GOD...(NUP)

OR THE MORE THINGS CHANGE STEVE THEMORE THEY STAY THE SAME IN OUR NATION DXDUE TO BRAINWASHINGS AS IN ABUSING GOD'S NAME...
Thursday, April 10th 2014 at 6:47PM
...and, two more illusions I would like to correct...
1. We tend to give FDR credit when it was actually his wife tht brought these changes .
2. We give JFK credit for what pres. LBJ did as JFK actually did nothing for us...it was his brother that got assinated then LBJ. (smile)

oh and yes as proofs that our government knew Japan was going to strike Hawaii and not Alaska is tis was the only time our government has ever had all of their fighting materaials in one place...if tis had not been able to happen onpurpose america would never have been able to go save England...remember we were not at war with Germany but Japan...oh and di you know the native-americans and the American -Japanese are how won wwII???? I bet you didn't know this now did you but it is another thing about why states like arizona wants ethnic study banned for public schools. (smile)

OH AND YES WE USE THOSE NUCLEAR WEAPON ON OUR OWN BEFORE WE USED THEMON JAPAN...THERE IS AN ARTICLE I READ IN MYPAPER YESTERDAY ON THIS, i WILL BE POSTING SOON...
Thursday, April 10th 2014 at 6:47PM
@Steve it would be great...the article is Secret Cold War test raise fear by Jim Slater of the associated press...do you remember my posting a blog about how our government wa seeking atleast 2 million people because for over 30 years they had been polluting our water on the base with nuclear waste? at least the last word ran it as a special!!!

Many militray men right here in our area suffer from cncer as they were on orders to sit and watch tose nuclear test in Navasa and our government says they can not find their records...John Wyane and all of those working on a movie with him at that thime there all died of cancer...MISS KITTY of gun smoke eas in that movie alos and died of cancer as all of the cattle, ect...

yes, I think of these things when I hear about what our government does as we continue to vote them right back in to continue...but at least today we are beecoming more demanding of our government solwly but surely and as long as we continue to sdiscriminate against eacther these things will just continue...as this article says it was done in poor mostly black areas of St. Louis...mu husbnd was from there...he hust died of pancrate cancer, but he was also drining the water in my home town when he was stationed ther at camp lejeurne. (nup!!!)

again thanks brother Rabbit. (smile)
Thursday, April 10th 2014 at 6:47PM
Thanks Steve, and I am sorry you did not know this. He died last July. (smile)
Thursday, April 10th 2014 at 6:47PM
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