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Archive for the tag “Ponzi Scheme”

TIME FOR MORE THAN CHANGES IN TERM LIMITS? 

 My friend, Ron Jenkins sent me this message that 90% of Americans don’t understand, don’t care and will do nothing. The people have control of Washington by voting. sadly far too many have never voted, never cared and probably never will unless paid by the Demoncrats for their votes. For the umpteenth time Washington is broke and “Term Limits” are the first step in changing the fact that working for the government shiels you from charges when they break the law. Both Clinton’s, Obama, Pelosi, Reed and I could go on all night, have broken laws ans just laugh as they know the Judges owe them too much to allow a jury trial. This following is a perfect example of how the bureaucrats live versus how you and I would be in prison if we cheated the people. I have been paying into social security since I was 8 years old in 1938. My entitlement in 1994 dollars is far less than someone who retired today. 
WHO DIED BEFORE THEY COLLECTED SOCIAL SECURITY?     
Keep passing this around until everyone has had the opportunity to read it.  This is sure something to think about!!!!
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 me 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 $26,78760 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 the benefits for members of congress?
+          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 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?  99% of people won’t read this. ANON
I’m in the 1% – I just did! 

Federal Benefit Check?

I received this message from a good friend today and by chance my “Federal Benefit Check” from the Social Security Administration, arrived three days late. The past several months they have been late and they were always on time for some 21 years. In addition they told me I was not in compliance with a Federal Law by not registering for an electronic payment instead of a check since 2013. I suppose I will soon be arrested along half of the older retirees in the United States who don’t like electronic payments, debit cards and don’t need a bank account.

They warn us it is easy to lose a check but Debit cards can be lost by old folks much easier than the Postal Service can lose our checks. I have received this same message each month for two years. Soon I expect  government regulations that will tell us when and how we have to brush our teeth and wipe our rears.

As I am approaching 85, life in a Federal Prison would be a lot cheaper by not having to buy food, clothes, pay to insure my health and eventually the costs to bury me. I suppose I could divorce my wife of 55 years and give her all of our assets now. Please absorb the following scenario of our government helping you that you may not be unaware of? This older lady is obviously quite upset.

 The Story

Before reading the information below, I’d like to share an incident that happened to me a couple of months ago at a Walgreens. My husband had a new prescription that cost over $200. I have the Balance Rewards card from Walgreens, which honors prescriptions as well as other purchases. So, I asked for the Balance Rewards for this prescription to be added to my Rewards account.

The pharmacist said she couldn’t because I was paying for it with an entitlement. I explained that we have never been on any kind of entitlement program. She stated that Social Security and Medicare are entitlements. I tried not to come unglued, but told her nicely that my husband and I had earned our Social Security and Medicare with money paid into these accounts each and every payday. She said she understood, but it was now called an entitlement, and I couldn’t get the Rewards points. I could care less about the Rewards points, but was livid that the government now called Social Security (that we paid into all our lives) an entitlement!

To be fair to Walgreens, the pharmacist said that there was a federal law that no one on entitlement can benefit from those payments in any way…getting reward points. Wow! The government has their hands in everything! Anyway, now please read the item below…

If you get any Social Security at all in any manner, you might want to read. Did you know this?

Unfortunately most did not, and I am one of those whose Social Security funds are direct deposited to my bank, thus, I never see the checks. Once again, our beloved congressmen are playing fast and loose with vernacular. What motive did they have for changing the name of our Social Security? I’m sure they have a plan, and it won’t be to our betterment.

Here we go. JUST REALIZED THAT WITH REQUIRED AUTO DEPOSIT, I NEVER GET TO SEE THE CHECK. ALERT EVERYONE YOU KNOW. THIS AFFECTS ALL OF US.* *Subject:* SOCIAL SECURITY becomes FEDERAL BENEFIT CHECK. Have you noticed, the Social Security check is now referred to as a “Federal Benefit Payment”?

I am writing it because it touches a nerve in me, and I hope it will in you. 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 Federal Benefit Payment. This isn’t a benefit. It is 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 $180,000 Invested in Social Security.

If you calculate the future value of your monthly investment in social security ($375/month), including both your and your employers contributions) at a meager 1% Interest rate compounded monthly, after 40 years of working you’d have more than $1.3+ million dollars saved! This is your personal investment.

Upon retirement, if you took out only 3% per year, you’d receive $39,318 per year, or $3,277 per month. That’s almost three times more than today’s average Social Security 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 you retire at age 65)! I can only imagine how much better most average-income people could live in retirement 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 Bernie Madoff ever did. They took our money and used it elsewhere. They forgot (Knew) that it was OUR money 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 much longer. But is it our fault they misused our investments? And now, to add insult to injury, they’re calling it 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 were a charity!

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.* 99% of people won’t share this. Will you? *You can bet I WILL!* I ALSO THINK WE SHOULD DEMAND THAT THEIR SALARIES AND RETIREMENTS BE CALLED FEDERAL BENEFIT PAYMENTS. THIS WOULD BE MORE HONEST THAN WHAT THEY HAVE DONE TO OUR SOCIAL SECURITY.

I have no idea who wrote this but I hope you will share this with everyone possible. I wonder if we will see Obama, Holder, Hillary and the rest of the people like the IRS lady who ignored the laws when we all get to the federal pokey? C Brewer

GREEDIEST GENERATION?

My old friend Bob Mc Graw sent me this message and I feel it is worthy of being posted on my blog. This fine lady from Montana expresses my feelings and I will not edit her exact words which may offend some people so caution before you read this. These career Democratic politicians amuse me with their distortions, lies and lack of love for our beautiful country they are destroying. As the lady asked, please share this with every senior citizen you know.  C Brewer

Alan Simpson, the Senator from Wyoming, calls senior citizens the ‘Greediest Generation’ as he compared “Social Security” to a Milk Cow with 310 million teats.

Here’s a response in a letter from PATTY MYERS from Montana …..think she is a little ticked off! She also tells it like it is!

…………………………………………………………………………….

“Hey, Alan, let’s get a few things straight!!!!!

 1. As a career politician, you have been on the public dole (tit) for FIFTY YEARS.

 2. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63).

3. My Social Security payments, and those of millions of other Americans, were safely tucked away in ‘an interest bearing account’ for decades until you political pukes decided to raid the account and give OUR money to a bunch of losers in return for votes, thus bankrupting the system and turning Social Security into a Ponzi scheme that would make Bernie Madoff proud, when it was actually intended to be a pre-paid Pension.

4. Recently, just like Lucy and Charlie Brown, you and “your ilk” pulled the proverbial football away from millions of American seniors nearing retirement and moved the goalposts for full retirement from age 65 to age, 67. NOW, you and your “shill commission” are proposing to move the goalposts YET AGAIN.

5. I, and millions of other Americans, have been paying into Medicare from day one, and now “you” propose to change the rules of the game. Why? Because “you” mismanaged other parts of the economy to such an extent that you need to steal our money from Medicare to pay the bills.

6. I, and millions of other Americans, have been paying income taxes our entire lives, and now you propose to increase our taxes yet again. Why? Because you “incompetents” spent our money so profligately that you just kept on spending even after you ran out of money. Now, you come to the American taxpayers and say you need more to pay off YOUR debts.

7.To add insult to injury, you label us “greedy” for calling “bullshit” to your incompetence. Well, Captain Bullshit, I have a few questions for YOU:

A. How much money have you earned from the American taxpayers during your pathetic 50-year political career?

B. At what age did you retire from your pathetic political career, and how much are you receiving in annual retirement benefits from the American taxpayers?

C. How much do you pay for YOUR government provided health insurance?

D. What cuts in YOUR retirement and healthcare benefits are you proposing in your disgusting deficit reduction proposal, or as usual, have you exempted yourself and your political cronies?

It is you, Captain Bullshit, and your political co-conspirators called Congress who are the greedy” ones. It is you and your fellow thieves who have bankrupted America and stolen the American dream from millions of loyal, patriotic taxpayers. And for what? Votes, your job and retirement security at our expense, you leech.

That’s right, sir. You and yours have bankrupted America for the sole purpose of advancing your political careers. You know it, we know it, and you know that we know it.

And you can take that to the bank you miserable son of a bitch.

NO, I did not stutter.

P.S. And stop calling Social Security benefits “entitlements”.   WHAT AN INSULT!!!!

I have been paying in to the SS system for 45 years.  It’s my money-give it back to me the way the system was designed and stop patting yourself on the back like you are being generous by doling out these monthly checks that we paid into the Trust Fund all our working lives.

EVERYONE!!!

If you like the way things are in America delete this.

If you agree with what a Montana citizen, Patty Myers, says, please PASS IT ON.

WOW, what a lady, thanks Bob for sharing this with me.  CB

HISTORY LESSON ON SOCIAL SECURITY!

Just in case some of you didn’t know and it’s easy to check out, if you don’t believe it. Share this with your family and friends. Whether you are Democrat or Republican. Facts are Facts.

Social Security Cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the message, NOT FOR IDENTIFICATION, was removed.

FACTS

 Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:

1.) That participation in the Program would be completely voluntary. No longer voluntary today.

2.) That the participants would only have to pay 1% of the first $1,400 of their annual incomes into the Program. Now it is 7.65% on the first $90,000 of income.

3.) That the money the participants elected to put into the Program would be deductible from their income for tax purposes each year. No longer tax deductible.

4.) That the money the participants put into the independent ‘Trust Fund’ rather than into the general operating fund and therefore would only be used to fund the Social Security Retirement Program and no other Government program. Under Lyndon Johnson the money was moved to The General Fund and Spent.

5.) That the annuity payments to the retirees would never be taxed as income. Under Clinton & Gore Up to 85% of your Social Security is taxed.

Many of us have paid into FICA for years and are now receiving a Social Security check every month are upset that we are getting taxed on 85% of the money we paid to the Federal government to ‘put away’.

Everyone should be interested in the following recap:

A.) Lyndon Johnson and the democratically controlled House and Senate started the waste of the Social Security Trust Fund.

B.) The Democratic controlled Congress eliminated the income tax deduction for Social Security (FICA) withholding.

C.) Bill Clinton and the Democratic Party, with Al Gore casting the ‘tie-breaking’ deciding vote as President of the Senate voted to tax 85% of our Social Security while he was Vice President of the US.

AND MY FAVORITE:

D.) Jimmy Carter and the Democratic Congress voted to allow immigrants who moved into this country, to receive Social Security benefits at age 65. It did not matter if they had never paid a dime into the Program.

The sad part is that we constantly hear Democrats scream that the Republicans want to take your Social Security payments away from you. The worst part about it is the elderly and uninformed citizens actually believe it!

If enough people read this, maybe a seed of awareness will be planted and maybe necessary changes will evolve. It’s worth a try, how many people can YOU send this to?

The original program was not a Ponzi scheme but the Democrats have totally changed the original intent to make it a retirement plan. It was designed to supplement retirement for the poor. If unchecked by the time my grandkids reach retirement age, 99% of Americans will be poor and there will be no money to pay anyone.

Actions speak louder than bumper stickers!

PLEASE DO KEEP THIS ONE ROLLING ACROSS THE COUNTRY. HOPEFULLY IT WILL OPEN A FEW EYES!!!!!!!

CB

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