Fw: PEOPLE WHO DIED BEFORE THEY COLLECTED THEIR SOCIAL SECURITY!!!! WHERE DID THAT MONEY GO?

["Don Greenlaw" <dgreenlaw@cox.net>]

Forwarded.
----- Original Message ----- 
From: Linda Piere
To: undisclosed-recipients:
Sent: Monday, December 26, 2011 1:46 PM
Subject: PEOPLE WHO DIED BEFORE THEY COLLECTED THEIR SOCIAL SECURITY!!!! 
WHERE DID THAT MONEY GO?




KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS READ IT.....
SOMETHING TO THINK ABOUT
THE ONLY THING WRONG WITH THIS CALCULATION IS THEY FORGOT TO FIGURE IN THE 
PEOPLE WHO DIED BEFORE THEY COLLECTED THEIR SOCIAL SECURITY!!!! WHERE DID 
THAT MONEY GO?????????????
This was sent to me, I am forwarding it because it does touch a nerve.

Remember, not only did you 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.

If you calculate the future value of $4,500 per year (yours & your 
employer's contribution) at a simple 5% (less than what the govt. 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.

The folks inWashington have pulled off a bigger Ponzi scheme than Bernie 
Madhoff ever had.

Entitlement my ass, I paid cash for my social security insurance!!!! Just 
because they borrowed the money, doesn't make my benefits some kind of 
charity or handout!!

Congressional benefits ---- 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 entitlements?

We're "broke" and can't help our own Seniors, Veterans, Orphans, Homeless

In the last months we have provided aid to Haiti, Chile , and Turkey . And 
now Pakistan ......home of bin Laden. Literally, BILLIONS of DOLLARS!!!

Our retired seniors living on a 'fixed income' receive no aid nor do they 
get any breaks while our government and religious organizations pour 
Hundreds of Billions of $$$$$$'s and Tons of Food to Foreign Countries!

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? Imagine if the *GOVERNMENT* gave 'US' the 
same support they give to other countries.

Sad isn't it?

99% of people won't have the guts to forward this.

I'm one of the 1% -- I Just Did.