[Report Abuse]
[Login to Blog] timeontarget's Blog
Our Social Security Was stolen.
Last comment by timeontarget 9 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 (377) times.

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

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.

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
 
Obama traded a horse for a rabbit.
December 19, 2014
Obama Throws Fidel a Rope By Patrick J. Buchanan Friday - December 19, 2014 The celebrations in Havana and the sullen silence in Miami tell you all you need to know about who won this round with Castro's Cuba. In JFK's metaphor, Obama traded a horse for a rabbit. We ...
Read More »
 
Democrats' Wasteful Torture Report
December 18, 2014
Democrats' Wasteful Torture Report Dr. Ben Carson | Dec 17, 2014 Dr. Ben Carson Share on Facebook 260 307 SHARES The recent release of a Senate report commissioned by Democrats regarding torture of terrorism suspects in order to obtain vital information was a waste of $40 million of taxpayer money. ...
Read More »
 
Sen. Feinstein's Damage to America's security
December 17, 2014
Tortured Reasoning Thomas Sowell | Dec 16, 2014 Critics and defenders of the harsh interrogation methods applied to captured terrorists can argue forever over whether those methods were "torture." But any serious discussion of a serious issue -- and surely terrorism qualifies as serious -- has to move beyond semantics ...
Read More »
 
Putin Rises as America Declines
December 16, 2014
The latest from Pat Buchanan gives us a look at the world leaders emerging as Bush 1's new world order and Bush 2's spreading democracy worldwide both rapidly become things of the past and we in America continue in our decline as the leader of the world. It appears to ...
Read More »
 
Was this a wave election??
December 15, 2014
The following is adapted from a speech delivered on December 5, 2014, at Hillsdale College’s Allan P. Kirby, Jr. Center for Constitutional Studies and Citizenship in Washington, D.C. We have had a wave election. For those of a conservative disposition, it is a satisfying wave. According to Michael Barone, speaking ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology