Can you live on Social Security? Probably not.
(The following is a personal story from a good friend)
My Mom only received the minimum, because my Dad died at 51 from a heart attack. Social Security is calculated on the last 5 years of the “Worker” before retirement at 65, not on the maximum my Dad paid from the day it began to the day he died. She only received $550 a month at the end of her life, after receiving the “COLA” for 17 years, which is the minimum. My Mom was a “stay-at-home” Mom. My Dad was a house painter and antique furniture builder and refinisher. He collected antiques at the Swap Meet at the Greyhound Park in Phoenix. After he died, my Mom sold the antiques from the front of the Paint Store on Apache Blvd down from the Canal in Tempe.
My Mom did not receive any Social Security from age 51 to age 65, and eventually had to sell the “Homestead” during the end of “Normal” house prices, and bought a small home in West Mesa. The remainder from the sale of the “Homestead” was put into Certificates of Deposits at Western Savings, (a now defunct savings and loan bank). She had to make do on what my Dad put away during his last years, and from the sale of the property. My Mom had no other income for over 14 years, until she reached 65. My Dad’s maximum “life-time” contribution was never considered, as my Mom had to qualify on her own, and only qualified for and received the minimum, I believe to begin near $430 per month.
What do you think goes through my mind when “illegal aliens” receive SS after contributing nothing for a life time? Who’s to blame? The following summary explains everything.
No one is telling anyone else what happened to their parents. I just did.
Just in case some of you young whippersnappers (and some older ones) didn’t know this. It’s easy to check out, if you don’t believe it. Be sure and show it to your kids. They need a little history lesson on what’s what and it doesn’t matter whether you are Democrat or Republican. Facts are Facts!!!
For the first time in history, the Democratic Congress will not allow an increase in the social security COLA (cost of living adjustment), YET voted themselves a ‘cost of living’ raise. In the midst of a serious recession! This is NOT Democratic congress people’s money… it is money the seniors have paid into out of their own paychecks for all the decades they’ve been working. In fact, The Henry J. Kaiser Family Foundation predicts there may not be any COLA for the next three years. They’re robbing older people… like Chicago street thugs.
However, the per person monthly Medicare insurance premium will be increased from the 2009 premium of $96.40 to $104.20 in 2010 and to $120.20 for the year 2011.
Send this to all seniors that you know.
Remind them not to vote for the incumbent senators and congressmen in the 2010 and the 2012 elections. It’s time to stop the madness…
LET US SHOW OUR LEADERS IN WASHINGTON “PEOPLE POWER” AND THE POWER OF THE INTERNET.
PLEASE FORWARD TO ALL OF YOUR FRIENDS.
IT DOESN’T MATTER IF YOU ARE REPUBLICAN OR DEMOCRAT!
Propose this in 2010:
START A MOVEMENT TO PLACE ALL POLITICIANS ON SOCIAL SECURITY
Perhaps we are asking the wrong questions during election years.
Our Senators and Congressmen/women do not pay into Social Security and, of course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of their rare elevation in society. They felt they should have a special plan for themselves. So, many years ago they voted in their own benefit plan.
In more recent years, no congress person has felt the need to change it. After all, it is a great plan.
For all practical purposes their plan works like this:
When they retire, they continue to draw the same pay until they die….Except it may increase from time to time for cost of living adjustments.
For example, Senator Byrd and Congressman White and their wives may expect to draw $7,800,000.00 (that’s Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275,000.00 during the last years of their lives. This is calculated on an average life span for each of those Dignitaries.
Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives. Their cost for this excellent plan to them is $0.00. NADA!! ! ZILCH!!!
This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds, “OUR TAX DOLLARS AT WORK”!
From our own Social Security Plan, which you and I pay (or have paid) into, every payday until we retire (which amount is matched by our employer), We can expect to get an average of $1,000 per month after retirement.
Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator Bill Bradley’s benefits!
Social Security could be very good if only one small change were made.
That change would be to Jerk the Golden Fleece Retirement Plan from under the Senators and Congressmen… Put them into the Social Security plan with the rest of us!
Then sit back… And see how fast they would fix it!
Ask yourselves why Congress’ retirement is not available to us?
If enough people receive this, maybe a seed of awareness will be planted and maybe good changes will evolve.
How many people can YOU send this to?
Better yet…… How many people WILL you send this to?
Our Social Security
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
2.) That the participants would only have to pay 1% of the first $1,400 of their annual incomes into the program,
Now 7.65% and not on the just the first $1,400
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, and,
Under 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 can be taxed.
Since many of us have paid into FICA for years and are now receiving a Social Security check every month — and then finding that we are getting taxed on 85% of the money we paid to the Federal government to ‘put away’ — you may be interested in the following:
Q: Which Political Party took Social Security from the independent ‘Trust Fund’ and put it into the general fund so that Congress could spend it?
A: It was Lyndon Johnson and the democratically controlled House and Senate.
Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?
A: The Democratic Party.
Q: Which Political Party started taxing Social Security annuities?
A: The Democratic Party, with Al Gore (of “Global Warming” Nobel Peace Prize fame) casting the ‘tie-breaking’ deciding vote as President of the Senate, while he was Vice President of the US
Q: Which Political Party decided to start giving annuity payments to immigrants?
(WHICH IS MY FAVORITE):
A: That’s right! Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!
Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!
And the worst part about it is uninformed citizens believe it!
This message is to inform you the Democrats DECEIVED you.
If enough people receive this, maybe a seed of awareness will be planted and maybe changes will evolve. Maybe not, some Democrats are awfully sure of what isn’t so, and continue to perpetrate the LIES.
2010 is an election year for 1/3 of the senate and all of the House of Representatives. It would be nice if Congress got the message; the voting taxpayers are in charge now.
Every politician currently in office should be voted out! We can and should send a message that we are tired of the nonsense. The only way to show our displeasure is vote them out. Republican or Democrat!
Actions speak louder than bumper stickers.
A government big enough to give you everything you want, is strong enough to take everything you have. –Thomas Jefferson
Tags: America, Americans, annual income, annuity, antique furniture, antiques, benefits, Certificates of Deposits, Chicago street thugs, COLA, Congress, Congressman White, Congressmen, Constitution, corruption, cost of living, cost of living adjustment, deductible, Democrat, Democratic congress, early retirement, election, Federal Government, FICA, Franklin Roosevelt, General Fund, general operating fund, Golden Fleece Retirement Plan, government, government waste, Greyhound Park, heart attack, Henry J. Kaiser Family Foundation, history, Homestead, house painter, illegal aliens, immigrants, income tax, incumbent, incumbents, insurance premium, IRS, lies, Medicare, paychecks, Phoenix, political favors, politics, recession, Republican, retirement, retirement plan, Senator Bill Bradley, Senator Byrd, senators, seniors, Social Security, socialism, Swap Meet, tax deductible, tax dollars, taxes, Taxpayers, TEA party, Thomas Jefferson, Trust Fund, welfare