"SOCIAL SECURITY, AN ENTITLEMENT?????”

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 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 , 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?

In the last months we have provided aid to Haiti, Chile, 

and Turkey. And now Pakistan, home of bin Laden. 

Literally, billions of dollars!!! Foreign aid is a transfer

from the poor in rich countries to the rich in poor 

countries.

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

dollars 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 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? Well we can

thank Lyndon Johnson and the democrats for making our

social security part of the general fund. Imagine if the

government gave us the same support they give to other

countries.

Sad isn't it?

God bless,

JohnnyD