Latest Threads
Latest
Greatest Threads
Greatest
Lobby
Lobby
Journals
Journals
Search
Search
Options
Options
Help
Help
Login
Login
Home » Discuss » Journals » BrklynLiberal » Read entry Donate to DU
Advertise Liberally! The Liberal Blog Advertising Network
Advertise on more than 70 progressive blogs!
BrklynLiberal's Journal
Posted by BrklynLiberal in General Discussion
Thu Jul 21st 2011, 03:49 PM
From a recent email.....



An "Entitlement???"

-----------------------------------

What the hell is wrong here?

Remember, not only did you contribute to Social Security but your employer
did too. It totaled 13.3% 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 (me) you'd have $892,919.98.

If you took out only 3% per year, you receive $26,787.60 per year and it would last better than
30 years, 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 in Washington have pulled off a bigger Ponzi scheme than Bernie Madoff 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 , aka. free health care ,
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 retirement entitlements !!!!!!
..............................................................................................
Emergency Rooms for general health care at just one hospital cost tax payers over 25 million a year!!!

Someone please tell me what the HELL's wrong with people that insist on cutting our "entitlements"!!!!!!

We're "broke" & can't help our own Seniors, Veterans, Orphans, Homeless
etc.,???????????

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.

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 its time for us to collect,
the government is running out of money. Why did the government borrow from it in the first
place?

AMERICA: a country where we have homeless without shelter, children going to
bed hungry, elderly going without 'needed' meds, and mentally ill without treatment
-etc,etc.

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


SAD?

YEAH, OK, SO WHEN DO WE GET PISSED AND DO SOMETHING ABOUT IT?????


Discuss (10 comments) | Recommend (+17 votes)
Profile Information
BrklynLiberal
Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your ignore list
47123 posts
Member since Thu Oct 28th 2004
Brooklyn, NY, USA
Greatest Threads
The ten most recommended threads posted on the Democratic Underground Discussion Forums in the last 24 hours.
Visitor Tools
Use the tools below to keep track of updates to this Journal.
 
Home  |  Discussion Forums  |  Journals  |  Campaigns  |  Links  |  Store  |  Donate
About DU  |  Contact Us  |  Privacy Policy
Got a message for Democratic Underground? Click here to send us a message.