[Report Abuse]
[Login to Blog] timeontarget's Blog
Our Social Security Was stolen.
Last comment by timeontarget 3 years, 11 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 (743) 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
 
Trump--Middle American Radical
February 09, 2018
Trump -- Middle American Radical By Patrick J. Buchanan Friday - February 9, 2018 President Trump is the leader of America's conservative party. Yet not even his allies would describe him as a conservative in the tradition of Robert Taft, Russell Kirk or William F. Buckley. In the primaries of ...
Read More »
 
Ted Nugent's view of Democrats
February 08, 2018
You have to love this! Nugent certainly gets an A+ for correctly answering the question of the animal activist. Ted Nugent, rock star and avid bow hunter from Michigan , was being interviewed by a liberal journalist who also happens to be an animal rights activist. The discussion came around ...
Read More »
 
Buchanan/Nunes Duels the Deep State
February 06, 2018
Nunes Duels the Deep State By Patrick J. Buchanan Tuesday - February 6, 2018 That memo worked up in the Intel Committee of Chairman Devin Nunes may not have sunk the Mueller investigation, but from the sound of the secondary explosions, this torpedo was no dud. The critical charge: To ...
Read More »
 
Obama's Adminstration was criminal
February 03, 2018
16 Bombshells in the Nunes Memo the Media Do Not Want You to Know About by John Nolte3 Feb 20188,449 In its partisan zeal to protect the ongoing witch hunt against President Trump, our Nixonian media went into hyper-drive last week to ensure that the unethical and un-American behavior of ...
Read More »
 
A Never-Trump Press in Near Panic
February 02, 2018
A Never-Trump Press in Near Panic Thursday - February 1, 2018 at 7:26 pm Share Pat's Columns! By Patrick J. Buchanan “All the News That’s Fit to Print” proclaims the masthead of The New York Times. “Democracy Dies in Darkness,” echoes The Washington Post. “The people have a right to ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology