What Social Security is about

From a friend who was in the financial world before he retired. This is very appreciated in light of what's going on!! Remember not only did you contribute to Social Security but your employer did to. It total 15% of your income before taxes. If you averaged only $30,000 over your forty-year working life, that's close to $220,500. If you calculate the future value of $4500 per year[yours and your employer's contribution] at a simple 5% [less than what the government pays on the money that it borrows], after 49 years of working you have $892,919.98. If you took out only 3% per year, you would receive $26,787.60 per year and it would last better than 30 years and that's with no interest paid on the final amount on deposit! If you bought an annuity and it paid 4% per year, you have a lifetime income of $2976.40 per month. Folks in Washington have pulled off a bigger Ponzi scheme than Bernie Madhoff  ever did. Entitlement, my foot, I paid cash for my Social Security insurance!! Just because the folks in Washington have borrowed the money, doesn't make my benefits some kind of charity or handout!! Congressional benefits, a.k.a. free healthcare, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days, now that's welfare and they have to call my retirement entitlements!!!! They call social security and Medicare an entitlement, even though most of those have been paying for it all our working lives and now when it's time for us the clock the government is running out of money. Why did the government borrow from it in the first place? They can bail out businesses, banks and Wall Street without batting an eye to do it. Why does this happen? Talk about allowing Wall Street to have our money, the privatization of Social Security is wrong, wrong, wrong we cannot allow this to happen, not today, not tomorrow or ever. It's our money, the peoples not the governments,not big business, not Wall Street. We shall not let this happen.