[Report Abuse]
[Login to Blog] timeontarget's Blog
Our Social Security Was stolen.
Last comment by timeontarget 7 months ago.

Take Me To Post Comment Form


The government is now referring to our Social Security checks as a “Federal Benefit Payment.”

This isn’t a benefit – its earned income!

Not only did we all contribute to Social Security but our employers did too.

It totaled 15% of our income before taxes.

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
your and your employer’s 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..

They took our money and used it elsewhere. They “forgot” 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.

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.


Latest Activity: Mar 15, 2014 at 5:18 PM


Bookmark and Share
Forward This Blog
Print Blog
More Blogs by timeontarget
Send timeontarget a Message
Report Abuse


Blog has been viewed (355) times.

JimmyMack commented on Saturday, Mar 15, 2014 at 17:34 PM

My energy is now directed to HLOST. I got my SS check after doing my 34 years.

Sheran commented on Saturday, Mar 15, 2014 at 22:36 PM
timeontarget commented on Monday, Mar 17, 2014 at 07:14 AM

I got my Social Security after doing 51 years.

My before tax payroll deductions from my earnings (which were matched by my employers) bought and paid for my meager retirement.

My benefit would be much larger if Lyndon Johnson and the Democrat party had not robbed the Social Security trust fund to create THE GREAT SOCIETY

JimmyMack commented on Monday, Mar 17, 2014 at 14:06 PM

@Educational enhancement time for me. Was this pillaging of the SS trust fund the FIRST TIME it was done? I really do not know. But if so, it set a very dangerous precedent.

timeontarget commented on Monday, Mar 17, 2014 at 16:20 PM

Was this pillaging of the SS trust fund the FIRST TIME it was done? I really do not know. But if so, it set a very dangerous precedent.

I honestly do not know if LBJ was the first to raid the trust fund.

Hopefully those of us who visit and contribute to this Courier blog site can ////////////dig into that //////////and report our findings.

timeontarget commented on Monday, Mar 17, 2014 at 16:31 PM

I honestly do not know if LBJ was the first, although I do know even with my minimal education that if the funds had been left invested, even at minimal returns, I would today be receiving almost double what I'm getting.

sebekm commented on Saturday, Mar 22, 2014 at 17:44 PM

The SS "Trust Fund" has been ripped off for years. They never told WE THE PEOPLE when they started doing it - they just did it because they could.

I'm for changing the laws so that money taken from people in the form of taxes that is supposed to be specifically targeted, earmarked, or trust-funded for certain programs be UNTOUCHABLE except for the programs they were legislated to support. But our politicians would never do this, because then then would have to live within their means and have to pay for things they appropriate. Even if they did, they would probably eventually ignore those changes as well - just as Obama has ignored the provisions of his "signature legislation" when it became politically uncomfortable.

What we need is some HONESTY and RESPONSIBLITY in government. We don't have that any more in this country. Haven't had it for many years.

sebekm commented on Saturday, Mar 22, 2014 at 17:51 PM

Here's a pretty good discussion of the Social Security "Trust Fund":

http://www.forbes.com/sites/merrillma...

And here is another, longer discussion which is more detailed but probably more "correct." This discussion asserts that there never really was a "trust fund" - that it was all government PR to sell/maintain the Social Security program.

http://www.fee.org/the_freeman/detail...

Which is more accurate - what the people have been led to believe or what actually exists deep in the weeds? Is perception not reality? If not, IMHO it should be - especially when THE GOVERNMENT creates that perception.

timeontarget commented on Sunday, Mar 23, 2014 at 08:15 AM

I will check out the links later and comment then.

In the meanwhile thanks to all for your consideration and commentary.


Log In to post comments.

Previous blog entries by timeontarget
 
Brad Paisley CELEBRITY
October 21, 2014
https://www.youtube.com/watch?v=B9mpDAJOPac "Celebrity" Someday I'm gonna be famous, do I have talent, well no These days you don't really need it thanks to reality shows Can't wait to date a supermodel, can't wait to sue my dad Can't wait to wreck a Ferrari on my way to rehab [1st Chorus] 'Cause ...
Read More »
 
Ebola, Ideology and Common Sense II
October 21, 2014
Yesterday I posted a piece by Pat Buchanan concerning Ebola and I chose Health as the section. Today I am posting this piece by Brandon Smith. I've selected politics as the section. I know some will not agree on either. I offer both of these columns for any who just ...
Read More »
 
Ebola, Ideology and Common Sense
October 20, 2014
Ebola, Ideology and Common Sense Friday - October 17, 2014 at 12:01 am By Patrick J. Buchanan Growing up in Washington in the 1930s and ’40s, our home was, several times, put under quarantine. A poster would be tacked on the door indicating the presence within of a contagious disease ...
Read More »
 
A song about the current times.
October 15, 2014
https://www.youtube.com/watch?v=imNRmIujsPk
Read More »
 
He ended the war before he didn't.
October 13, 2014
He ended the war before he didn't. If you've been paying attention, you know that - for years - Obama and the Democrats were eager to tell anyone who'd listen that they had a bold plan to "end the war in Iraq." Once it was over, they rarely missed a ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology