[NFBMO] Social Security:

Thu Feb 15 22:22:07 UTC 2018

Hello, Nancy. The thing that confuses me about this message is that I don't know where your writing stops and where someone else's begins. I also don't know who the someone else is. I do get the rather clear impression that he or she does not much like welfare benefits being dispensed and that his or her concern goes well beyond Social Security.

I certainly have paid into Social Security and expect to get what I have been promised. I do not begrudge the other obligations that Social Security has taken on. I am glad that people who are blind and have never had substantial work get Supplemental Security Income. I am glad that people who are too disabled to work are helped. I am glad that people who have worked get Social Security disability insurance. So I understand that some of the money I pay into the system will not come back to me but will go to my fellow Americans who have need of it. 

I think there may be one other thing for all of us to think about. Indeed there are people who turn sixty-five and die before collecting benefits. On the other hand, many of us who live beyond sixty-five will collect not only our monthly benefits but will be the recipients of Medicare. I believe I read somewhere that it is not at all uncommon for people who live into their 80s to spend well over a quarter of a million dollars from Medicare. Some reports suggest that it is not uncommon for a person who has paid $30,000 into the system to draw $350,000 from it.

So in my outrage that both parties in the Congress and presidents from both parties have taken Social Security funds, apply them to national expenditures, and have made no promise to pay back the fund? Of course I am. But I am not sorry that we reach out to help the poor, I am not sorry that we help people who cannot work, and I am not willing to lay the blame at their feet for in insolvent system. What I do hope is that I fare better than the firefighters of Wisconsin who retired on a pension and then found that pension drastically reduced when voters had to decide between firefighters at home and firefighters on the streets. No one of either party should be content with this legislative malfeasance and should be willing to call it what it is. Kicking the can down the road only works if the road has no end.

-----Original Message-----
From: NFBMO [mailto:nfbmo-bounces at nfbnet.org] On Behalf Of nancy Lynn via NFBMO
Sent: Tuesday, February 13, 2018 7:22 PM
To: nfbmo list; NFBC List
Cc: nancy Lynn
Subject: [NFBMO] Social Security:

Social Security:
    A woman dies at age 65 before collecting one benefit check.  She and her employer paid into the system for almost 50 years and she collected NOTHING!

    Keep in mind all the working people that die every year who were paying into the system and got nothing!

    And these governmental morons mismanaged the money and stole from the system, so that it's now going broke.

    BEAUTIFUL! and they have the audacity to call today's seniors "vultures" in an attempt to cover their ineptitude. DISGRACEFUL!

    The real reason for renaming our Social Security payments is so the government can claim that
    all those social security recipients are receiving entitlements thus putting them in the same case as welfare, food stamp recipients.

    THIS IS WORTH THE FEW MINUTES IT TAKES TO READ AND DIGEST!

    F.Y.I.  By changing the name of SS contributions it gives them a means to refute this program in the future.
    It's free money for the government to spend under this guise.

    The Social Security check is now (or soon will be) 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. It is our money paid out of our earned income!  Not only did we all contribute to Social Security but our employers did too. It totaled 15% of our income before taxes.

    (This should be enough for you to forward this message, If not read on.)

    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 you 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 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. (Lyndon Johnson)

    They took our money and used it elsewhere. They forgot (oh yes, they knew) 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.(Isn't it funny that they NEVER say this about welfare payments?)

    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.

    Then call it what it is:

    Our Earned Retirement Income.

    99% of people won't forward this.

    Will you?
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