UNCLE SAM and
The U.S. CONGRESS:
The REAL ROBBER BARONS
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| Uncle Sam? Uncle Sugar? Uncle Satan? Take your pick |
We are Just beginning to realize that with the now-required automatic deposit to our checking accounts we never get to see an actual cheek from the government.
“So what?” you may ask.
Well, did you know that our SOCIAL SECURITY (now-symbolic, non-existent) “CHECKS” have recently been officially declared a FEDERAL BENEFIT PAYMENT?
I'lm sharing this information, because it touches a nerve in me, and I believe it should in you.
Social Security is not a benefit. It is earned income! Not only did we contribute to Social Security all our working lives our employers did too.
Our Social security is derived from a TAX totaling 15% of our gross annual income.
If you averaged $30,000.00 a year over your working life, that's close to $180,000 you and your employers invested in Social Security.
If you calculate the future value of your monthly investment in social security ––- i.e. $375 a month st a meager 1% rate of interest compounded monthly –– after 40 years you'd have more than $1.3 million dollars to your name. Do the math.
This is your personal investment
Upon retirement, if you took out only 3% a year, you'd receive $39,318 eachr year, or $3,277 a 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
With that 1.3 million dollars your retirement fund would last more than 33 years. That means you’d be 98 when the money runs out, if you retired at age 65!
I can only imagine how much better most people earning an average income could live in retirement if our government invested our money in low-risk, interest-bearing accounts.
Instead, our dear Uncle Satan pulled off a far bigger Ponzi Scheme than Bernie Madoff ever imagined.
They took ––- and still take every single day –– our money and use it for purposes for which it was never suppsed to be intended.
They knew, of course that it was OUR money they were taking without qualm or conscience. They took it simply because –– like Mount Everest –– it was THERE.
They didn't have a referendum to ask us if we wanted to lend the money to them, and they’ve never paid us any interest on the money they improperly borrowed for “OUR” *(purely theoretical, non-existent) “Trust Fund.”
Worse even than that the word is out that the “Trust Fund” is n grave danger of going broke in the near future.
Is it our fault they misused our investments?
And now, as if to add insult to injury, they're calling our lifetime investment a a FEDERAL BENEFIT, as if we had never worked to earn a penny of it.
Just because they borrowed OUR money, doesn't mean they have any legitimate right to claim that the return we get on this invest is a form of Government CHARITY.
We have earned our right to Social Security and Medicare.
Bombard your congress creatures with mountains of letters, emails and incessant phone calls DEMANDING they use the powers WE as voters have granted them to bring some sense and decency into the way our government handles OUR money.
Find a way to keep Social Security and Medicare going,
for the sake of the 92% of our population who need it, and then rename it, and call it what it is:
EARNED RETIREMENT INCOME
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| Your Uncle Sam in his truest guise |
Typical rightwing extremist bagger.
ReplyDeleteFDR was a great man, and Social Security was his greatest accomplishment.
You hateful cons would rather old people starved to death!
Without government you would be dead
Social Security is not a benefit. It is earned income!
ReplyDeleteMr. AOW's SSDI is taxed quite heavily. We got slammed the first tax year the he received SSDI.
Dick, you're one of those extreme right wing conservatives trying to disguise himself as a left winger in hopes of smearing the side you dislike, isn't that correct?
ReplyDeleteI'm morally certain it is, because the shallowness of your assertions and the baseless accusations of "hatefulness" on your part have all the earmarks of amateur attempts at caricature.
The basic point of the post is to illustrate two things:
1) How the money WE "contribute" to ("invest" in?) SS through taxation is squandered by government for purposes not intended by FDR's "great accomplishment." If a private investment firm did this, they would be hauled up before the SEC and heavily fined, key perpetrators would very likely be jailed, and depending on how far reaching the effects of this criminal activity, the entire firm might be put out of business.
2) How much BETTER we as individuals would do if the money taken from us by force through taxation ostensibly for "our" benefit were simply invested in an interest bearing bank account at 1% interest and left alone for 40 years.
SS proffers a paltry return on our "investment" by comparison, and is, therefore, essentially a SCAM -- a government POWER GRAB sold to people like those you pretend to be, Dick, under false pretenses.
"We the People" have been systematically BILKED and then GYPPED by these left wing charlatans all of whom are pastt masters of The Shell Game and other ages-old conjuring tricks of equal or worse villainy.
ReplyDeleteIt's called Communism!
Why do people not recognize what Communism is now days!
Your very first clue is " Income Equality"! That's the same excuse the Communists used!
Your second clue should be “Tr-Distribute the wealth! Hello - Do none of you remember your history, or do none of you even know it today!
Two Americas, yeah right:
The Democrats are right, there are two Americas.
The America that works, and the America that doesn’t.
The America that contributes, and the America that doesn’t.
It’s not the haves and the have nots, it’s the dos and the don’ts.
Some people do their duty as Americans, obey the law, support themselves, contribute to society, and others don’t. That’s the divide in America.
It’s not about income inequality, it’s about civic irresponsibility.
It’s about a political party that preaches hatred, greed and victimization in order to win elective office.
It’s about a political party that loves power more than it loves its country. That’s not
My opinions are based solely on my own convictions. Whatever anyone else believes, celebrity or not, makes no difference to me.
My opinion, and it's free so that tells you what it's worth. It is too late to stop it. The courts, judges and lawyers have society by the balls. And Castration is next!
So Let's elect Hillary! Sure, that’ll help. It’ll help to put us in the Poor House even faster than anyone thought. Dear Leader, Hillary, Reid, and the rest of the subversives are beneath contempt.
Msgt John Correa
FreeThinke:
ReplyDeleteYou cut me to the quick, sir!
How dare you accuse me of rabid rightwingism?
Let's be honest. We both know the vast majority of people are too stupid to take care of themselves, necessitating a strong federal government to protect them and provide for them.
FT, you've surely demonstrated the profound difference between careful personal financial planning for a future and the madness of those who mindlessly embrace the ridiculous claims that the government "cares for you and your future", by seizing your earnings as the poor suckers sit by and watch the destruction of their prior earnings and their future life.
ReplyDeleteIt's true that the government thinks the vast majority of the people are too stupid to take care of themselves . But obviously it also thinks that people are to stupid to notice that they are not really being taken care of as promised.
I hadn't realized that Karl Marx was not only a mad "economist" but he's also some sort of poet as well:
"If there is a Something which devours,
I’ll leap within it, though I bring the world to ruins —
The world which bulks between me and the abyss
I will smash to pieces with my enduring curses..."
(Oulanem) circa 1839.
I don't think it requires any deep insight to see the modus operendi of most government results in this depraved hate of Karl Marx in reality.
Are we all Marxists now?
From the wit and wisdom of the internet:
ReplyDeleteRegarding an official obituary ...
"Today we mourn the passing of a beloved old friend, Common Sense, who has been with us for many years. No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape. He will be remembered as having cultivated such valuable lessons as:
- Knowing when to come in out of the rain;
- Why the early bird gets the worm;
- Life isn't always fair;
- And maybe it was my fault.
Common Sense lived by simple, sound financial policies (don't spend more than you can earn) and reliable strategies (adults, not children, are in charge).
His health began to deteriorate rapidly when well-intentioned but overbearing regulations were set in place. Reports of a 6-year-old boy charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition.
Common Sense lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly children.
It declined even further when schools were required to get parental consent to administer sun lotion or an aspirin to a student; but could not inform parents when a student became pregnant and wanted to have an abortion.
Common Sense lost the will to live as the churches became businesses; and criminals received better treatment than their victims.
Common Sense took a beating when you couldn't defend yourself from a burglar in your own home and the burglar could sue you for assault.
Common Sense finally gave up the will to live, after a woman failed to realize that a steaming cup of coffee was hot. She spilled a little in her lap, and was promptly awarded a huge settlement.
Common Sense was preceded in death,
-by his parents, Truth and Trust,
-by his wife, Discretion,
-by his daughter, Responsibility,
-and by his son, Reason.
He is survived by his 5 stepbrothers;
- I Know My Rights
- I Want It Now
- Someone Else Is To Blame
- I'm A Victim
- Pay me for Doing Nothing
Not many attended his funeral because so few realized he was gone."
ReplyDeleteI’ve come up with 15 things that we can do to celebrate Michelle Obama's 50th birthday:
1. Dance to the music of Ted Nugent
2. Eat steak and pasta every day
3. Move into a massive new house with your family, and keep your lights on all day and night, and invite your mother to move in too.
4. Feed you kid McDonald’s daily for lunch.
5. Drive a Caddy STS during the day and a Hummer at night.
6. Vote for Tea Party Candidates in 2014 and 2016.
7. Do not sign up for ObamaCare
8. Send your children to Private school.
9. Buy a gun and extra ammunition even if you never use them. It’s the principle.
10. Eat a loaded slice of pizza.
11. Hang out with Ted Cruz and other conservatives at CPAC.
12. Challenge any Women to a push-up contest. Anybody can beat Bishop Desmond Tutu.
13. Smoke cigars.
14. Pay for your own vacations.
15. Give a speech at you Kid’s PTA meeting on why slavery was a good thing..
Feel Free To Add Your Own.
If both Obama and Pelosi and others say that unemployment benefits help the economy. If that were true, we could all sit home, collect unemployment and have a booming economy. Wonder if they see the fallacy of their philosophy?
ReplyDeleteThen why bother to look for a job when you can get FREE money, and all the other benefits that the nice government has to offer for just sitting at home?
I can guarantee you that if everyone who has been drawing unemployment benefits for the last two years had their benefits suddenly ended , they would find jobs so quickly it would make your head spin.
The jobs are out there, but probably not paying much more that these lazy slobs are collecting from unemployment, so people just sit back and suck the well dry until they no longer can collect anymore..
No one has benefitted more from capitalism more than poor people. Their quality of life is a million times better than it used to be. Just compare the "poor" in the US to the rest of the world and you have to come to the conclusion that our system is better for poor people. How much more do you Bleeding Heart Liberals want us to do for these people, most of them ar lazy slobs anyway who just take, take and take! So let’s just take more from the “SO CALLED” rich” and give our hard EARNED money to the lazy bums that don’t want jobs, and are mostly the law breakers, criminals, and the ILLEGAL’S!
ReplyDeleteOh yes, SOCIALISM IS REALLY SUCCESSFUL! Want income equality, move to Russia, or better yet, China, or Cuba!!
Capitalism has done more good for the poor than any other system in History! The quality of your life totally depends on you. So go make your OWN prosperity and quit wanting other to do it for you..that's what is dooming this country and our Freedoms.
The Liberal Loons want everything to be fair, and equal - they will destroy America, the land of OPPORTUNITY!
Look out for yourself. Govern yourself. Stop relying on the Government to provide everything for you!
If you look up "ass clown" in the dictionary, you will see a picture of Obama along with a complete description of him and all the other dumb assed Democrats. Barack Obama's Presidency has been a complete failure