SCUM IN DC HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID!!

Remember, not only did you and I 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.   Read that again!

Did you see where the Government paid not one single penny?  To the folks who died early.  And we’re talking about the money you and your employer put in a Government bank to insure you and me that we would have a retirement check from the money we put in, not any Government contributions.

Now they are calling the money we put in an “entitlement” when we reach the age to take it back. If you calculate the future invested value of $4,500 per year (yours & your employer’s contribution) at a simple 5% interest (less than what the Government 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.

“Entitlement” my foot; I paid cash for my social security insurance!  Just because they borrowed the money for other government spending, that doesn’t make my benefits some kind of charity or handout!!

Remember the benefits for members of Congress?  + 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 payments entitlements?

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? It was supposed to be in a locked box, not part of the general fund. Remember it was LBJ, a democrat, who put it into the general fund.

The USA thingamajig is not a “State” (as in “US State Department”) nor a “Nation,” (only a synonym for “State,” (both being the NATURAL, God-endorsed top level of government).  The USA is “a Union OF States” or “an Association OF States” or “an Alliance OF States” or  an “Empire” OF States” or “a Pact (or Compact) OF States” — all of these being UNNATURAL, man-concocted SUPERstates.  IF IF IF the USA were a “Nation,” then my State of Tennessee would have been reduced to SUBstate status, thereby making “State of Tennessee” a foolish conundrum.  The author of the SUPERstate device? — Satan himself; its politicians? — devils all, good-labeled or bad.  Its supporters & advocates? — ?

rw   Tennessean .

%d bloggers like this: