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 Who died before they collected Social Security?

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Billy

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Number of posts : 584
Age : 54
Location : Salem , VA
Registration date : 2010-03-25

PostSubject: Who died before they collected Social Security?   March 7th 2013, 11:53 pm

Who died before they collected Social

Security?


KEEP PASSING THIS AROUND UNTIL EVERY ONE
HAS HAD THE OPPORTUNITY TO READ IT...THIS IS SURE SOMETHING TO
THINK ABOUT! THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION OF
AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO
DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK! WHERE DID THAT MONEY
GO?

Remember, not only did you and I 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.Read
that again.
Did you see where the Government paid in one single penny?
We are talking about the money you and your employer put in a Government
bank to insure you and I that we would have a retirement check from the
money we put in, not the Government.
Now they are calling the money we put in an entitlement when we reach the
age to take it back.
If you calculate the future invested value of $4,500 per year (yours
& your employer's contribution) at a simple 5% interest
(less than what the Government pays on the money that it
borrows), after 49 years of working 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.

Another thing with me.... I have two deceased husbands who died in their
50's, (one was 51 and the other one was 59 before one percent of their
social security could be drawn.
I worked all my life and am drawing 100% on my own social security).
Their S.S. Money will never have one cent drawn from what they paid into
S.S. all their lives.
THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE
MADOFF EVER DID.
Entitlement my foot, I paid cash for my social security insurance!
Just because they borrowed the money for other government spending,
doesn’t make my benefits some kind of charity or handout!!
Remember Congressional benefits? --- 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 payments entitlements?
We’re “broke" and we can't help our own Seniors, Veterans, Orphans, or
Homeless.
Yet in the last few months we have provided aid to Haiti, Chile and Turkey.
And now Pakistan......home of bin Laden.
Literally, BILLIONS of DOLLARS!!!
And they can’t help our own citizens in New York and New Jersey!
>>>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 it’s time for us to collect, the government is running out of money.
>>>Why did the government borrow from it in the first place?
>>>It was supposed to be in a locked box, not part of the general
fund.

I found this read and it just never crossed my mind what the hell happened to all of the money put into social security but never paid out.




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Billy

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Number of posts : 584
Age : 54
Location : Salem , VA
Registration date : 2010-03-25

PostSubject: Re: Who died before they collected Social Security?   March 7th 2013, 11:56 pm

Sorry for the long read, just thought it was an interesting Federal Govt scam.
Go Uncle Sam u AM
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Ron(09rzr)



Number of posts : 1149
Age : 32
Location : avella pa
Registration date : 2011-03-09

PostSubject: Re: Who died before they collected Social Security?   March 8th 2013, 12:27 am

That is definitely a way most younger people dont look at it or see it that way but....it makes sense
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Billy

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Number of posts : 584
Age : 54
Location : Salem , VA
Registration date : 2010-03-25

PostSubject: Re: Who died before they collected Social Security?   March 8th 2013, 2:25 am

Govt taking all our money
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Bobby D

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Number of posts : 14579
Location : Blacksburg,Va
Registration date : 2009-02-08

PostSubject: Re: Who died before they collected Social Security?   March 8th 2013, 2:43 am

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http://www.wvsxsriders.com
TBONE21

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Number of posts : 17031
Age : 36
Location : High Point, NC
Registration date : 2010-04-18

PostSubject: Re: Who died before they collected Social Security?   March 8th 2013, 8:40 am

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Timmi

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Number of posts : 1595
Age : 63
Location : Christiansburg, Virginia
Registration date : 2012-11-25

PostSubject: Re: Who died before they collected Social Security?   March 8th 2013, 9:28 am

Every govt program is a scam, they all operate at a deficit. Look at amtrak... and the postal service. Libs love to point to Sweden and Norway and all the "free" stuff their govt "gives" them. What they don't say is that those countries have an overall tax rate of over 70% of your income!

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rayray
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Number of posts : 6330
Age : 51
Location : statesville,nc
Registration date : 2010-08-15

PostSubject: Re: Who died before they collected Social Security?   March 8th 2013, 9:28 am

.......BEND OVER YA'LL....IT AINT OVER YET. DATZ DA TRUFF!!
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bigben129

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Number of posts : 773
Age : 36
Location : Elizabeth Wv
Registration date : 2011-02-09

PostSubject: Re: Who died before they collected Social Security?   March 8th 2013, 11:00 am

Good Post
why do common sense issues to us seem so bizzare to political types
i am not political by any means but

common sense stuff really ticks me off
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punder

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Number of posts : 1849
Age : 49
Location : Winston Salem NC
Registration date : 2009-02-22

PostSubject: Re: Who died before they collected Social Security?   March 8th 2013, 3:58 pm

Usually I do not get involved with politics , it kinda like the chicken and the egg argument ... As much as I hate it our goverment is more of a leach than leadership , I am about tired of feeling at its mercy , Our schools , roads , law enforcment , military have been robbed to the point of failure and a hand is out not asking but demanding funds to correct there mistakes ..... This is not just a Oboma problem , the whole system is rotten .
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Yotehunter66

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Number of posts : 2119
Age : 51
Location : Clayton, Michigan
Registration date : 2011-03-23

PostSubject: Re: Who died before they collected Social Security?   March 8th 2013, 8:47 pm

Too many IOUs wrote against it. You also have a lot of people pulling out of it that it was never intended for and never paid into the system.
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sprint8



Number of posts : 147
Age : 35
Location : richmond va
Registration date : 2012-09-12

PostSubject: Re: Who died before they collected Social Security?   March 8th 2013, 9:23 pm

The govt. pays far less than 5% on the money it borrows.

Social security was started from nothing so the money paid in goes to the currently retired not to some "bank" where it gain interest. so there is no interest earned on it. What goes in mostly is what goes out.

There is an approximately 2.5 trillion surplus which some say ious were written on. the truth is 2.5 trillion doesn't even exist in M0 (paper money) so you can't just take it in cash and store it in a cave. The only way social security is allowed by law to invest it's surplus is in US treasuries, which happen to get spent by the us govt general fund and like any other loan are paid back later with interest.
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bubba53
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Number of posts : 12043
Age : 63
Location : statesville,nc
Registration date : 2009-08-29

PostSubject: Re: Who died before they collected Social Security?   March 9th 2013, 8:35 am

I owe...I owe...I owe....so off to work I go..
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