READER COMMENT:
Let every SS recipient make the following calculation: 1) get from the SSA the complete list of your annual contributions; 2) add your company’s SS payments made in your name (that is by how much your salary was reduced); 3) add income tax you paid in your personal SS contribution; 4) sum up the 3 amounts and invest the sum in the 5% tax-free municipal or state bonds; 5) repeat this process for all your working years until retirement. You will then have the real value of your payments. Compare now this capital to your miserable monthly SS payment. In my case the value after 33 years of work of this personal fund was $1,800,000, earning tax-free return of $90,000/year, or $7,500/month, without touching the capital which I could have left to my inheritors. Compare that amount with my actual payment of $1,400/month. The difference illustrates the amounts stollen from me by this gigantic, criminal Ponzi scheme.
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Reader must have worked for the government. I thought I had some well paying jobs over the last 40 some years, and I don’t get that much. Not nearly.
Read the article. Whaddee do with all them thar trillions?
“Obama stated on Tuesday that Social Security payments might be in jeopardy if a debt deal isn’t made. Oh really? F&E crunched the numbers for the month of June and found that by the amount of money the federal government makes in one month, we could pay for defense, social security, medicare, medicaid and the interest on the debt. After these payments are made, the federal government would have to prioritize how to spend the remaining $40 billion.”