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2004 Election Issue

This must be an issue in "04".

SOCIAL SECURITY: (This is worth the read. It's short and to the point.)

Perhaps we are asking the wrong questions during election years. Our
Senators and Congress men & 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
forthemselves. So, many years ago they voted in their own benefit plan.

In more recent years, no congressperson 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, former 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.

Their cost for this excellent plan is $00.00. 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 $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 watch how fast they would fix it.

If enough people receive this, maybe a seed of awareness will be planted and
maybe good changes will evolve.
 

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I figured my SS. If I retire at 66, I will get "my" money back by the time I'm 71. I'll get my employer's money back in five more years at 76. That's all with no allowance for inflation or what private investment might have earned! So, why would anyone prefer SS to any private investment? Because most people: won't save a dime as long as SS makes them feel secure, never earned enough anyway, or as with congressmen and state workers, have a better plan. For what it's worth, I never earned enough, anyway and my wife made sure that I never saved a dime, so I'm stuck with SS for what it's worth. :roll:
 
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