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The Cure for the
Social Security Problem
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 Congressmen do not pay into Social Security and,
of course, they do not collect from it. Social Security benefits
were not suitable for persons of their rare elevation in society.
They felt they should have a special plan for themselves.
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, former Senator Byrd and Congressman White and their
wives may expect to draw $7,800,000 (that's Seven Million, Eight-Hundred
Thousand), with their wives drawing $275,000 during the last years
of their lives. This is calculated on an average life span for
each.
Their cost for this excellent plan 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 $1,000 per month
after retirement. In other words, we would have to collect our
average of $1,000 monthly benefits for 68 years and one month
to equal Bradley's.
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 and then 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.
How many people can YOU send this to?
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