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I Paid -- Didn't You?

xUT

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From an email going around.
(I didn't verify the numbers but I am sure some one will... :lol: )

Get angry and pass this on!

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!!!

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 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? Imagine if the *GOVERNMENT* gave 'US' the same support they give to other countries.

Sad isn't it?

B)
 
Closer look at Cain's retirement model

"Chile — they had the same problem nearly 30 years ago," Cain said last month at a forum in Florida, one of several occasions where he's touted his proposal. "They went to an optional, personal retirement account approach, and they now have individual retirement accounts for their workers."

But there's nothing optional about Chile's system. It requires that all workers contribute 10 percent of their salaries to private pension plans, plus other fees for insurance. These private funds have grown by an average of 9 percent annually after inflation since 1981,creating wealth that has boosted Chile's economy.

The system's regulators say people who start paying the legal limit every month at age 25 can retire on 70 percent of their working salary. But that's not common. The average payout is $351 a month, just 36 percent of the average working wage, said Gonzalo Cid Vega, a pensions expert with Chile's Center for National Studies of Alternative Development.

"We created a private system with good intentions, but when a person retires, they become poor," Cid said.

Other changes, in 2009, forced Chile's self-employed to participate, made it harder for people to take early retirement and exhaust their pensions before death, created government subsidies to cover housewives and other informal workers, and provided tax breaks for employers who voluntarily augment the contributions of low-wage workers.

The changes mean Chile's system is hardly the private plan it was billed to be: Two-thirds of all pensioners now get some kind of government support, which both increases taxes and enables private companies to profit more from government revenues.

But Cain likes it... :lol: :lol: :lol:
 
Alan Simpson, Senator from Wyoming, Co-Chair of Obama’s deficit commission, calls senior citizens the Greediest Generation as he compared “Social Security” to a Milk Cow with 310 million teats

Here’s a response in a letter from PATTY MYERS in Montana … I think she is a little ticked off! She also tells it like it is!

“Hey Alan, let’s get a few things straight..

1. As a career politician, you have been on the public dole for FIFTY YEARS.

2. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63).

3 My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for decades until you political pukes decided to raid the account and give OUR money to a bunch of zero ambition losers in return for votes, thus bankrupting the system and turning Social Security into a Ponzi scheme that would have made Bernie Madoff proud..

4. Recently, just like Lucy & Charlie Brown, you and your ilk pulled the proverbial football away from millions of American seniors nearing retirement and moved the goalposts for full retirement from age 65 to age 67. NOW, you and your shill commission is proposing to move the goalposts YET AGAIN.

5. I, and millions of other Americans, have been paying into Medicare from Day One, and now you morons propose to change the rules of the game. Why? Because you idiots mismanaged other parts of the economy to such an extent that you need to steal money from Medicare to pay the bills.

6. I, and millions of other Americans, have been paying income taxes our entire lives, and now you propose to increase our taxes yet again. Why? Because you incompetent bastards spent our money so profligately that you just kept on spending even after you ran out of money. Now, you come to the American taxpayers and say you need more to pay off YOUR debt.

To add insult to injury, you label us “greedy” for calling “bullshit” on your incompetence. Well, Captain Bullshit, I have a few questions for YOU.

1. How much money have you earned from the American taxpayers during your pathetic 50-year political career?

2. At what age did you retire from your pathetic political career, and how much are you receiving in annual retirement benefits from the American taxpayers?

3. How much do you pay for YOUR government provided health insurance?

4. What cuts in YOUR retirement and healthcare benefits are you proposing in your disgusting deficit reduction proposal, or, as usual, have you exempted yourself and your political cronies?

It is you, Captain Bullshit, and your political co-conspirators called Congress who are the “greedy” ones. It is you and your fellow nutcases who have bankrupted America and stolen the American dream from millions of loyal, patriotic taxpayers. And for what? Votes. That’s right, sir. You and yours have bankrupted America for the sole purpose of advancing your pathetic political careers. You know it, we know it, and you know that we know it.

And you can take that to the bank, you miserable son of a ####.

SideBear: If I ever had the honor of meeting PATTY MYERS of Montana, I would shake hand and tell her … well done, Patty.

As far as Captain Bullshit goes, you and your ilk should be prosecuted for malfeasance of office as you and your cohorts have literally stole the American People’s money. Instead of chastising the American Public you should saying… I am sorry and apologize to all the people for what I and those other miserable bastards in Congress have done.

What is troubling about people like Captain Bullshit is the self righteous arrogance that is displayed. THREE TRILLION DOLLARS has disappeared of the people’s money from the Social Security trust fund and pissed away on various vote buying schemes and that money will never be returned and we should say nothing?

Do WE THE PEOPLE have a right to be pissed off… YOU DAMN RIGHT we do!

DOH!
 
Man I wish!
I'd be a millionaire by now... :lol:
(oops, that was the ESOP - my bad) :lol:

I am in the xUT UnRetirement plan... 😛

What about you?

Take Care,
B) xUT
I am vested in the NWA retirement plan that was boosted from like $65/month under the IAM to $85/month under our AMFA agreement.

In our ESOP, we were able to sell all our shares. I sold at $59. Many were holding on thinking they would be millionaires.

I remember when the IAM leader said you would all become millionaires under the UAL eflop. 🙄

Wasn't it John Peterpaul?
 
I am vested in the NWA retirement plan that was boosted from like $65/month under the IAM to $85/month under our AMFA agreement.

In our ESOP, we were able to sell all our shares. I sold at $59. Many were holding on thinking they would be millionaires.

I remember when the IAM leader said you would all become millionaires under the UAL eflop. 🙄

Wasn't it John Peterpaul?


So then you will be a double dipper when the time comes?
 
I am vested in the NWA retirement plan that was boosted from like $65/month under the IAM to $85/month under our AMFA agreement.

In our ESOP, we were able to sell all our shares. I sold at $59. Many were holding on thinking they would be millionaires.

I remember when the IAM leader said you would all become millionaires under the UAL eflop. 🙄

Wasn't it John Peterpaul?

Under the UAL ESOP, State Street held our shares in a retirement account and they were sold after BK. 🙁
Yep, we got hosed.

Funny that my PBGC check comes from State Street... 😱

Can't remember which con artist made that statement, doesn't matter now.

Later,
B) xUT
 

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