2004-10-21
SOCIAL SECURITY | USA
during election years ...perhaps we are asking the wrong questions |
Our Senators and Congresswomen 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 for themselves | 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 of those two Dignitaries |
Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives |
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 of $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 read this, maybe a seed of awareness will be planted and maybe good changes will evolve |
during election years ...perhaps we are asking the wrong questions |
Our Senators and Congresswomen 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 for themselves | 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 of those two Dignitaries |
Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives |
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 of $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 read this, maybe a seed of awareness will be planted and maybe good changes will evolve |
thanks to Steve for sending this missive |
¶ 21:58
