[Report Abuse]
[Login to Blog] timeontarget's Blog
Our Social Security Was stolen.
Last comment by timeontarget 1 year, 2 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 (437) 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
 
Get the Latest from Best of Cain
May 19, 2015
Get the Latest from Best of Cain Cain's Commentary //////////////////////////////////////////////////////////// 'Spontaneous Uprising' According to documents released Monday, Hillary Clinton (as well as other top federal officials) received a striking amount of intel within hours of the Benghazi attacks. The memos, which were obtained via a Judicial Watch FOIA lawsuit, indicate ...
Read More »
 
Hope By: Dr. Ben Carson
May 13, 2015
Dr. Ben Carson BY: Dr. Ben Carson Hope Hope is a very powerful thing that can not be measured by the dollars in your pocket or the cars in your garage. It is an abstract concept of aspiring for something more or better in one’s life; a wish, expectation, or ...
Read More »
 
OBAMA LEADS FROM BEHIND;;;;;;;;;;;;;;;;;
May 12, 2015
Obama just got dissed big time by FOUR countries Written by Allen West on May 12, 2015 When you lead from behind there’s a certain part of other people’s anatomy that faces you. And it seems that due to the lack of moral clarity in President Barack Obama’s foreign policy, ...
Read More »
 
On a Fast Track to National Ruin
May 08, 2015
On a Fast Track to National Ruin By Patrick J. Buchanan On a Fast Track to National Ruin Friday - May 8, 2015 In the first quarter of 2015, in the sixth year of the historic Obama recovery, the U.S. economy grew by two-tenths of 1 percent. And that probably ...
Read More »
 
Tear Down the GOP Establishment!
May 07, 2015
Tear Down the GOP Establishment! Post: Ben Carson: Tear Down the GOP Establishment! May 5, 2015 7:09 pm Tea Party (Newsmax) – Newly declared Republican presidential candidate Dr. Ben Carson told Newsmax TV Tuesday that his goal is to tear down the GOP establishment that has thrown “torpedoes” at him ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology