OMG! Social Security Recipiants Are Drainiing The Government……UM….WAIT!!!!

mmmmm

Where’s Dick Van “Dyke” when ya need him?

Yes, I’m one of those no good rotten old geezers collecting Social Security benefits.

OMFG! I’m one of those moochers collecting from an “entitlement” program.

WAIT! Did I pay into SS all of the years I worked? Nah….must be my imagination.

WAIT! (again) WTF does this all mean? Beats the f**k outta me. Being the stoopid person that I am. Perhaps someone might step forward and put this into perspective for me. Like this guy below:


THE ONLY THING WRONG WITH THE
GOVERNMENT’S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT
TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!
WHERE DID THAT MONEY GO?
Remember, not only did you and I 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.
Read that again.
Did you see where the Government paid in one single penny?
We are talking about the money you and your employer put in a government bank to insure you and I, that we would have a retirement check from the money we put in, not the Government.
Now they are calling the money we put in an entitlement when we reach the age to take it back.
If you calculate the future invested value of $4,500 per year (yours & your employer’s contribution) at a simple 5% interest (less than what the Government 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 IN WASHINGTON
HAVE PULLED OFF A BIGGER PONZI SCHEME
THAN BERNIE MADOFF EVER DID.
Entitlement my foot; I paid cash for my social security insurance!
Just because they borrowed the money for other government spending, doesn’t make my benefits some kind of charity or handout!!
Remember 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 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?
It was supposed to be in a locked box, not part of the general fund.
Sad isn’t it?

mmmm

Freakin’ moochers

Ok……thanks Brian. But I’d like to add these statistics in as well. Courtesy of “Wikipedia.”  Because I’m 100% positive that obviously we SS moochers are draining the government and SS will go broke.

And, the government just does not have any spare cash to keep it going.

 

Recipients of good ol American Aid dollars in 2012

Top 25 Recipient Countries of U.S. Foreign Aid FY 2012 Reported in $US millions, Obligations [6]
Country U.S. Total Economic and Military Assistance FY 2012, $US millions Economic Assistance FY 2012, $US millions Military Assistance FY 2012, $US millions US Economic and Military Assistance per Capita, $US
Afghanistan 12,885.50 3,325.50 9,559.90 423.59
Israel 3,100.10 25.10 3,075.00 408.40
Iraq 1,940.10 783.50 1,156.60 62.32
Egypt 1,404.00 102.60 1,301.40 16.78
Pakistan 1,214.90 1,137.70 77.20 6.38
Jordan 1,135.30 831.60 303.70 174.42
Ethiopia 870.10 864.60 5.40 9.54
Kenya 749.20 745.60 3.60 17.42
Colombia 644.30 543.90 100.40 14.24
Haiti 510.40 510.20 0.20 52.07
West Bank/Gaza 457.40 457.40 105.57
South Sudan 444.30 395.50 48.80 41.81
Russia 440.90 339.00 101.90 3.09
Somalia 419.60 274.90 144.70 41.61
Tanzania 402.00 399.20 2.80 8.57
Congo (Kinshasa) 388.40 370.50 18.00 5.28
Uganda 352.40 349.40 3.00 10.48
Nigeria 335.90 330.90 4.90 1.97
Sudan 298.10 298.10 0.00 8.72
South Africa 274.70 272.60 2.20 5.63
Mozambique 274.00 273.50 0.50 11.65
Ukraine 273.30 207.20 66.10 6.09
Yemen 258.50 237.40 21.10 10.44
Bangladesh 256.80 246.50 10.30 1.59
Liberia 247.10 233.80 13.30 63.56

 

mmmm

Um….how about Canada……

 

Obviously these countries need our cash more than anyone on Social Security, which, as everyone says, is draining the government dry. (sniff)

I feel so embarrassed taking Social Security and all those other benefits the government gives me when I could just say, “Hey, keep your money, those other countries need it more than me.”

Ok everybody….let’s all break out in a patriotic song now.

Americaaaaaaaaaaaa, Americaaaaaaaaa, …um….I’m sorry, I’m all choked up. I can’t sing anymore.

Think I’ll just go have some bread and water and think about all this.

mmmmm

Ok….maybe a carrot and some sour milk instead

Just sayin.’

Copyright 2014 MisfitWisdom RLV

Donate and Support: The greedy MisfitWisdom PayPal link: (Copy and Paste the link to make a donation or just totally ignore it. Or, send a check to Afghanistan, they obviously need it more than I do) https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=QQST38XT3YK78

DILLIGARA Header: chickart@cox.net

Advertisements

About misfit120

Former disc jockey, (Dick Jones) 30 years, and author of, "I Could Have Been Famous But Sex, Love & Life Got In The Way" available at Amazon.com books, & Kindle, "The Covert Chamber" a mystery novel available at Amazon.com and Barnes & Noble, and "Forgotten" the story of two WWI pilots who were forgotten for over 70 years available on Amazon.com and Kindle
This entry was posted in Uncategorized and tagged , , , . Bookmark the permalink.

8 Responses to OMG! Social Security Recipiants Are Drainiing The Government……UM….WAIT!!!!

  1. katydidknot says:

    I’m fairly certain that Social Security taxes are NOT 15% of one’s earnings. In fact, I’m positive.

    But what’s more amazing to me is that criticisms like this prove that people don’t understand how insurance works. Any kind of insurance… or retirement…

    I’m going to go now before my head explodes.

    Nice to see your words back, but… Argh!

  2. mndave says:

    Wow! That chart was kind’a sickening to look at. Thanks again for your blogging!

  3. misfit120 says:

    Sorry Katy. I only posted what that guy wrote. And the chart of what the government gives to other countries when at the same time most politicians are screaming about cutting entitlement programs. I’m sure your 15% note may be correct as I did not personally check that. My bad. Anyhow……I’m back every now and then. Argh back to ya… : )

    • katydidknot says:

      Oh, I understand. Went and did some research – The Social Security tax rate is 12.4%, with 6.2% paid by the employee and 6.2% by the employer. This is actually higher than I had believed, but Social Security is honestly a hugely successful program. Its results have been much, MUCH better than, say, the money spent on our foreign excursions over the past 50+ years.

      Looking at that chart… makes you wonder what Jordan and a few of the other countries have agreed to do in exchange for the funds, doesn’t it?

      • misfit120 says:

        Makes ya wonder why politicians use SS as a scare tactic as well. Just ticks me off that we give billions to other countries while people here struggle to make ends meet

  4. santostom says:

    According to the US site: http://www.ssa.gov/planners/taxwithold.htm, I copied the following:
    “When you complete the form, you will need to select the percentage of your monthly benefit amount you want withheld. You can have 7%, 10%, 15% or 25% of your monthly benefit withheld for taxes.” your employer also pays in 7%, total pay in 14%.
    That said, I read the same article you did, Misfit. If only 50% is rue, we still have over a million dollars invested. There are no rules in deducting the payment, only rule 1: Pay. But, when you start to withdraw, you have to meet certain criteria, like you are limited as to the amount you can earn each year working. The more you earn, the more you deduct from your monthly SS payment. After a couple of years, the deduction stops, and you can earn what you want.

    We paid in, now we have to live under the threats that greedy government wants to do what they want with it, including reducing or limiting your monthly earnings.

    Thanks for writing Misfit.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s