A Retirement Plan of One's Own

debyan · Mar 13, 2003

I received this from my daughters mother-in-law,a nurse, who works Boston a nice woman. I thought that it goes with this thread pretty well. I am non-partisan so don't flame me because they tend pin-pointing the democratrs in this article. I was just interested in what other perspectives on this. Thanks deb

Subject: Social Security Benefits

The description of the congressional retirement plan at the end is

especially

worth reading.

Since many of us have paid into FICA for years and are now receiving a

Social Security check every month -- and then finding that we are

getting taxed on 85% of the money we paid to the federal government to

"put away," you may be interested in the following:

Q: Which party took Social Security from an independent fund and put it

in the general fund so that Congress could spend it?

A: It was Lyndon Johnson and the Democratic-controlled House and Senate.

Q: Which party put a tax on Social Security?

A: The Democratic party.

Q: Which party increased the tax on Social Security?

A: The Democratic Party with Al Gore casting the deciding vote.

Q: Which party decided to give money to immigrants?

A: That's right, immigrants moved into this country and at 65 got Social

Security. The

Democratic Party gave it to them although they never paid a dime into

it. Then, after doing all this, the Democrats turn around and tell you

the Republicans want to take your Social Security. And the worst part

about it is, people believe it! Pass it on please! 2004 Election Issue

This must be an issue in "04". Please! Keep it going.

SOCIAL SECURITY :> (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 Congress men & women 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.

Their cost for this excellent Plan is $00.00. 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. Or, in other! words, we would have to collect our average of

$1,000.00 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 receive this, maybe a seed of awareness will be planted

and maybe good changes will evolve.