--- On Mon, 8/15/11, Kirit Shah <kiritshah@yahoo.com> wrote:
From: Kirit Shah <kiritshah@yahoo.com>
Subject: Fw: Entitlement my ass... what the hell is wrong?
To:
Date: Monday, August 15, 2011, 4:24 PM
I agree. SS and medicare math simplified
Courtesy: Suman Patel/Ramesh Gange
Kirit Shah 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 (that was me) you'd have $892,919.98. If you took out only 3% per year,
you'd receive $26,787.60 per year and it would last better than 30 years (until
you're 95 if you retire at age 65) 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 have pulled off a bigger Ponzi scheme than Bernie Madhoff ever
had.
Entitlement my ass, I paid cash for my social
security insurance!!!! Just because they borrowed the money, doesn't make
my benefits some kind of charity or handout!! Congressional benefits, aka.
free healthcare, 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 my social security retirement
entitlements?
We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless
etc.!
In the
last months we have provided aid to Haiti, Chile, and Turkey. And now
Pakistan......home of bin Laden. Literally, BILLIONS of DOLLARS!!!
Our
retired seniors living on a 'fixed income' receive no aid nor do they get any
breaks while our government and religious organizations pour Hundreds of
Billions of $$$$$$'s and Tons of Food to Foreign Countries!
They call
Social Security and Medicare an entitlement even though most of us have been
paying for it all our working lives and now when its time for us to collect, the
government is running out of money. Why did the government borrow from it in the
first place?
Imagine if
the *GOVERNMENT* gave 'US' the same support they give to other countries.
Sad isn't
it?
99% of
people won't have the guts to forward this.
I'm one of
the 1% -- I Just Did
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