benefit or entitlement?

Subject: Our SocialSecurity!!!!!!!!!!!!!!!



SOCIAL SECURITY NOW CALLED 'FEDERAL BENEFIT PAYMENT'/ENTITLEMENT!
Have you noticed, your Social Security check is now referred to as a "Federal Benefit Payment"?
I'll be part of the one percent to forward this.
I am forwarding it because it touches a nerve in me, and I hope it will inyou.
Please keep passing it on until everyone in our country has read it.
The government is now referring to our Social Security checks as a “FederalBenefit Payment.”
This isn’t a benefit – its earned income!
Not only did we all contribute to Social Security but our employers did too.
It totaled 15% of our income before taxes.
If you averaged $30K per year over your working life, that's close to $180,000invested in Social Security.
If you calculate the future value of your monthly investment in social security($375/month, including both
your and your employer’s contributions) at a meager 1% interest rate compoundedmonthly, after 40 years of
working you'd have more than $1.3+ million dollars saved! This is yourpersonal investment.
Upon retirement, if you took out only 3% per year, you'd receive $39,318 peryear, or $3,277 per month.
That’s almost three times more than today’s average SocialSecurity benefit of $1,230 per month, according to the
Social Security Administration (Google it - it’s a fact).
And your retirement fund would last more than 33 years (until you're 98 if youretire at age 65)!
I can only imagine how much better most average-income people could live inretirement if our government had
just invested our money in low-risk interest-earning accounts.
Instead, the folks in Washington pulled off a bigger Ponzi scheme than BernieMadoff ever did.
They took our money and used it elsewhere. They “forgot” that it was OURmoney they were taking.
They didn’t have a referendum to ask us if we wanted to lend the money to them.
And they didn’t pay interest on the debt they assumed.
And recently, they’ve told us that the money won’t support us for very muchlonger.
But is it our fault they misused our investments?
And now, to add insult to injury, they’re callingit a “benefit,” as if we never worked to earn every penny of it.
Just because they “borrowed” the money, doesn't mean that our investments wereacharity!
Let’s take a stand.
We have earned our right to Social Security and Medicare.
Demand that our legislators bring some sense into our government –
Find a way to keep Social Security and Medicare going, for the sake of that 92%of our population who need it.
Then call it what it is:
Our Earned Retirement Income.