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 will 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 is NOT 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. (This should be enough for you to forward this message, if not read on.)

If you averaged $30K per year over your working life, that's close to $180,000 invested in Social Security.

If you calculate the future value of your monthly investment in social security ($375/month, including both you and your employers’ contributions) 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 (or 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 did not 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 have 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 are calling it a benefit, as if we never worked to earn every penny of it

This is stealing !

Just because they borrowed the money, does not mean that our investments were for 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 the 92% of our population who need it.

Then call it what it is:

.

Uhhhh, I'll keep my mouth shut about how mad this makes me, don't want a lifetime ban from this site.

. If you calculate the future value of your monthly investment in social security ($375/month, including both you and your employers’ contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you'd have more than $1.3+ million dollars saved .

1.3 million at 1 percent return. Is someone using government math? It takes 72 years to double at 1 percent. Without using a calculator the value would be somewheres in the 250k range.

It started with Clinton when he balanced the budget with SS money and then ended with a surplus. That surplus was our SS money.

The thieves, liars, and swindlers in DC will continue to use/abuse their positions until a couple of the biggest offenders are forceably and permanently removed from office as examples that We The People have had enough.

Sadly they have no consequences when they screw up no matter how bad they mess it up. In your face corruption today they don’t even try to hide it they do what they want to enrich themselves the people don’t matter.

its no doubt that SS is a bad deal for the majority of Americans and its getting worse. Most people will never get back what they paid in.

They even use SSI to fund their Sexual Harrasment charges or Hush Money!!!

SS was doomed to fail from the start

You are taxed on the income went you earn it and 85% of the ss payments are taxed again when you receive them. Another Ponzi scheme.

It should be a fat cow but the buzzards keep picking away at it the politicians are quick to try to get their hands on it and slow to do much to improve it. I see people in their 70s and 80s even still working at fast food restaurants I just shake my head and think why?

It was definitely never intended for what it is today. The fund currently is going to be insolvent in 10 years or so.

Anyone that planned to retire purely on SSI is sorely going to regret it.

No other retirement income most likely. Or insurance purposes. The hospital I used to work for before I left because of the mask and vax mandate , most of the women working there was solely for insurance.

This always falls on deaf ears both in the congress and to us civilians who are forced to place funds in this nightmare
It is almost to late to even try to bandaid a fix on what congress did to our funds so many years ago and have been hiding behind each others party eve since .

People really need to wake up and voice their concern !!

Don't forget that as an employee you only pay half the taxes for SS. Company pays the other half. If you're self employed, you get to pay all of it.

Give me my money and I will invest it. I do not want or need the government "helping" me.

I have a lot of problems with social security generally. It is difficult to compute and depends on when people retire and what they contributed, but plenty of people get more out than they paid into the system. That's welfare.

My biggest problem are the fake social security disability cases that steal money from the rest of us. Big time and sickening welfare. There are some legit cases where people cannot actually work but they are very rare. I would cut off the checks for the vast majority and let them starve--and I guarantee they would miraculously recover and get to work. Or starve to death. Either way, I'm good with it.

No facts please.

What about alternative facts? are they OK?

I suspect that 92% of the population do not need SSA or I.

My wife worked for 30 plus years only taking time off when our kids were small unfortunately she passed away at 58 I recieved a 250.00 death benefitv from ss
I check the county obits from time to time to see who i know passed roughly 20 a mnth from my county again roughly half are 65-70 the other half around 80-90 the first didn't draw much the second got basically the same dollar amount when they started drawing 15- 20 years ago