Agree 100% but we need to write or E-mail all the POLITICIANS & NEWS MEDIA and inform them we invested in SS for 30-50 years. The politicians pension is ENTITLEMENT ! !
OTE=tpop1;405047]We hear lately the refrain from those in Government about the Social Security "
Entitlement."
After working over 42 years at a salary which for the most part exceeded the maximum SSI wage base, I did some calculations of the amounts contributed to SSI by me and my employers.
Using a modest 5% growth rate over those 42 years(
and 5% was modest in those years) and using a 5% yield into the future, calculates a yield of enough interest to pay my yearly SSI payments with enough left over to pay the government’s portion of my Medicare.
Taking this thinking a step further, I looked at a person retiring after working 45 years earning at least the maximum SSI wage base. These calculations yield enough interest to pay their monthly SSI plus mine???
SSI is definitely
Not an Entitlement!!! It is an earned pension.
If any U.S. Company treated its pension plan like they have treated SSI, the company would have been hauled to court.
Sorry about the rant, but I have reached my tipping point!!!
As someone else said, this is not political as all in office are to blame![/QUOTE]