Robert Carnes’ letter to the editor of the Marietta Times observes that all the money the United States spends on foreign aid and unnecessary wars is at the expense of seniors who have faithfully paid into Social Security for the last 40 years.
Mr. Carnes is more civil about this matter than myself. If the government continues to jeopardize money that is rightfully due to the elderly who have worked all their life, then violence and perhaps revolution is just around the corner! Residents of Ohio and other states should rally around and oppose any action/legislation that threatens their well deserved Social Security payout.
Yes, you are entitled to Social Security
Not only did we contribute to Social Security, but our employer did, too. It totaled 15 percent of your income before taxes. If you averaged $30,000 over your working life, that’s close to $221,000.
If you calculate the future value of $4,500 per year (yours and your employer’s contribution) at a simple 5 percent (less than what the government pays on the money that it borrows), after 49 years of working you’d have around $892,000.
If you took out only 3 percent per year, you’d receive $26,787.60 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 percent per year, you’d have a lifetime income of $2,976.40 per month. “Ha.”
You know, I paid cash for my Social Security insurance! Just because they borrowed the money out of the Social Security fund, doesn’t make my benefits some kind of charity or handout!
Here is what our Congress people voted for themselves – 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 our Social Security retirement entitlements? “Ha.”
Now they say, we’re going “broke,” and we can’t help our own seniors, veterans, orphans, homeless. “You have to be kidding me.”
You know, in the last months we have sent “big money” for aid to Haiti, Chile, Turkey, and now Pakistan, the home of “Bin Laden.” This is literally billions of dollars!
Now then, our retired seniors living on a “fixed income” receive no aid nor do they get any breaks while our government and religious organizations pour hundreds of billions of $$$$$$’s, and tons of food to foreign countries!
Now 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, they say our government is running out of money. “Why did the government borrow from the Social Security fund in the first place?” I know we are a giving nation, but imagine if the government gave “us” even a little support that they give to other countries. “That, my friends, will never happen.”
Robert D. Carnes