Social Security?

FDR Signing Social Security into law

Who died before they collected Social Security?  Answer:  98% of all the people paying in the first 20 years it was in the law.

This was planned from the beginning by Franklin Delano Roosevelt and his lifelong best friend Jimmy Byrnes.  The concept was built on the idea of a sneaked in place tax to serve a political purpose up to the point where it was worth stealing. LBJ finished the job in 1964 by putting it in the "General Fund."  And, how much money are we talking about?

Not only do you and I contribute to Social Security but your employer does, too. It totals 15.3% of your income before taxes.

If you averaged only $30K over your working life, that's close to $220,500.  Did the government generate one single penny by making it available as capital?  No, socialists do not believe in capitalism in any way, shape or form.

This is the money you and your employer put in the Government "bank" to insure us we would have a retirement check when we could not work any more. And, it was to be made viable by an ever-growing base of depositors!  This is also known as a Ponzi scheme and in private commerce is highly illegal.  Government can not only kill people legally, send us off to war, but do things with our money that they say is illegal for us to do!

Now they are calling the money we put in an "entitlement" when we reach the age to get it back. If you calculate the future invested value of $4,500 per year, yours and your employer's contribution, at a simple 5% interest. After 49 years of deposits 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 retired 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 which is a lot more than you get now.

Mr. Roosevelt pulled off a bigger Ponzi scheme than Bernie Madoff and died a hero in the mind of America while Bernie will die in prison for his life to be remembered as a skunk.

Entitlement my foot; I paid cash for my Social Security insurance!
Just because they took the money for other government spending, doesn't make my benefits some kind of charity or handout!  But in their minds it is their money.  They recently changed the banking laws to make all deposits the bank's money because they only have six percent of what they should in the FDIC account.

How about the benefits for members of Congress?
+ free healthcare,
+ full salary for life retirement packages,
+ 67 paid holidays,
+ three weeks paid vacation,
+ unlimited paid sick days.

That is welfare, and they have the nerve to call our 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?  Al Gore said it was in a "lock box," not part of the General Fund.

When will America catch on?

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Contributed by John Dusek, edited by Adrian Vance