Saturday, July 23, 2011

You Have No Mandate To Rob The Legal Owners

I don't usually forward chain letters, even when I agree with them.

But this one has a point and those self-aggrandizing politicians who can posture proudly preening in front of a tea-party minority are barking up the wrong tree and leaving turds on the wrong lawns.

To wit:


An "Entitlement???"


What the hell is wrong here?


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 (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.
Note to All Republicans and those dumb Democrats who agree with them:

We invested in the USA ... we paid in ... we were promised a return ... the USA owes us that debt and we are not less worthy than Wall Street ... and you are not Bernie Madoff ... no matter how hard you try to be.



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