“Better to write for
yourself and have no public, than to write for the public and have no self.”- Cyril Connolly (1903 - 1974)
Social
Security Payments Renamed To Federal Benefit Payments
‘THE
BOTTOM LINE’
Posted February 7, 2018
Although I have written and addressed this subject on
many levels for many years, a recent email sent to me by one of my subscribers
who shall be known as S. L. A , again it stirred up a little ‘old’ anger in me,
especially in light of all the corruption in the federal government that has
recently been exposed because of Trumps war on the DeepState.
The following E-rumor that has been roaming around the
net over the past several years, is essentially correct, even though most of
the specifics such as the numbers are not. And even though the name change
hasn’t actually taken place, Social security has been referred to as a federal
benefit since the 1930’s.
Here is the unedited note as it was sent to me.
A woman died
at age 65. She paid into the Social Security system for almost 50 years and
collected NOTHING!
Keep in mind all the people that die every year that were paying into the system and got nothing!
And these governmental morons mismanaged the money and stole from the system, so that it's now going broke.
And they have the audacity to call today's seniors "vultures" in an attempt to cover their ineptitude. DISGRACEFUL!
The real reason for renaming our Social Security payments is so the government can claim that all those social security recipients are receiving federal benefits, thus putting them in the same case as welfare and food stamp recipients.
THIS IS WORTH THE FEW MINUTES IT TAKES TO READ AND DIGEST!
F.Y.I. By changing the name of SS contributions it gives them a means to refute this program in the future.
It's free money for the government to spend under this guise.
The Social Security check is now (or soon will be) referred to as a *Federal Benefit Payment*?
I'll be part of the one percent to forward this. I am forwarding 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 our money paid out of our 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 earning $30K per year over your working life, that's close to $180,000 invested in Social Security ($375/month, including both you and your employers contributions). If you calculate the future value of your monthly investment in social security 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. (Lyndon Johnson)
They took our money and used it elsewhere. They forgot (oh yes, they 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. (Isn't it funny that they NEVER say this about welfare payments?)
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 forward this.
Will you?
You can bet I WILL!!!
End
Keep in mind all the people that die every year that were paying into the system and got nothing!
And these governmental morons mismanaged the money and stole from the system, so that it's now going broke.
And they have the audacity to call today's seniors "vultures" in an attempt to cover their ineptitude. DISGRACEFUL!
The real reason for renaming our Social Security payments is so the government can claim that all those social security recipients are receiving federal benefits, thus putting them in the same case as welfare and food stamp recipients.
THIS IS WORTH THE FEW MINUTES IT TAKES TO READ AND DIGEST!
F.Y.I. By changing the name of SS contributions it gives them a means to refute this program in the future.
It's free money for the government to spend under this guise.
The Social Security check is now (or soon will be) referred to as a *Federal Benefit Payment*?
I'll be part of the one percent to forward this. I am forwarding 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 our money paid out of our 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 earning $30K per year over your working life, that's close to $180,000 invested in Social Security ($375/month, including both you and your employers contributions). If you calculate the future value of your monthly investment in social security 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. (Lyndon Johnson)
They took our money and used it elsewhere. They forgot (oh yes, they 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. (Isn't it funny that they NEVER say this about welfare payments?)
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 forward this.
Will you?
You can bet I WILL!!!
End
THE BOTTOM LINE: In the parlance of Orwellian newspeak, words often mean the
opposite of their alleged intent. Eg. The Internal Revenue Service is anything
but a service, it
is actually more of a fraud than Social Security. Now we may have yet another government
inspired contradiction according to the rumor. Social Security may have been
transformed into the “Federal Benefits Program.” One might well ask how an
insurance arrangement in which the recipient makes payments throughout his
working existence is regarded as welfare. Whatever happened to “earned income”?
The rumor has it as…
At the moment employees pay fifteen percent of their income
before taxes to the Social Security agency. If one assumes a $30K payment per
year and an employer’s contribution of $375 per month at a modest one percent
rate compounded over a 40 year work experience the total would be $1.3 million.
In this scenario, you can assume withdrawal of 3 percent a year or $39,318 or
$3,277 a month or roughly three times the present average Social Security “benefit”.
Moreover, using the more generous number the individual fund would last 33
years or until a 65 year old retiree is 98 years old.
Even though the numbers are not quite accurate, the perception
is…
Why then is the system bankrupt? Why aren’t payouts more
generous? The answer is complex, but in simple terms is that the government steals your money. Social
Security is not secure, is not really a benefit and, if there were any truth in
advertising it should be described as a Ponzi Scheme in which money “in” pays
for money “out” without regard to the consequences of a deficit. It didn’t
start out that way, the first several years it actually built up a large and
growing reserve.
So then where did
all the money go?
Well, since this appears to be sort of a pot of unexpended and
reliably available funds, the Congress began using it for everything from
highways to helicopters or bridges to nowhere. Unfortunately the money is not
in a locked box or even in a bank savings account collecting interest, so
expenditures are often predicated on an anticipated source of S.S. payments.
The money is often accounted for before it has been received. Close to 22
percent of the accumulated debt in the U.S. (now approaching $20 trillion) can
be attributed to the S.S. shortfall.
If the congress ran out of your' non-designated money in your'
general fund, it simply spent some of your' Social Security money, of
course with the full intention of paying your' money back. Paying it back? With whose money? Well with YOUR''''' money
of course. Congress is the only corporation that produces nothing has nothing
and spend everything.
The money isn’t really anywhere. Although it is supposed to be a
designated fund, it goes into the general fund and just gets spent by a
congress that is not only unethical but with no oversite, has also proven to be
corrupt.
It is also true that many receiving this so-called “benefit”
never contributed a dime to Social Security. These are people on disability
(SSI) or those suffering from drug dependency. Many do not live in the United
States but still receive monthly payments. Mexico City alone has more than 1500
people receiving S.S. checks.
While most Americans have Social Security payments taken out of
their paychecks, there are many who do not participate. Here again the term
security is a misnomer. Social Security is anything but secure.
And then there is the little problem of too few people paying
out to – ‘too many’ people’. This is what eventually happens in a Socialistic
Ponzi Scheme. We now have an aging population. Even though it is not as bad as
China, it has resulted in the same circumstance. China has been killing babies, and the U.S.
has been killing babies. And while The U.S. plunges head long into Socialism,
China has had to abandon most of its social programs and resort to fascism, a
controlled version of individual enterprise. In addition at least China had a
reason for killing babies, population control, which of course backfired on
them. In the U.S. the only reason for killing babies was because of
irresponsibility. As a result we are more than 70 million people short and not
paying into a failing system.
Orwell would have a verbal party with government titles, but the
latest plan to convert Social Security into Federal Benefit Program is really
nothing new. Obviously these verbal oscillations are designed to confuse the
public and in far too many cases it works. This is not merely deplorable; it is
a reflection of a government that has little respect for the public it pretends
to serve.
Thanks for listening my friend. Now go do the right thing, pray and fight
for truth and freedom. If you would like
to write me direct with a question or a comment you can contact me at writedeandrae@hotmail.com
- de Andréa
Please pass on this article to everyone on your email list. It may be the only chance for your family and
friends to hear the truth.
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