SOCIAL SECURITY 2004

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Another one from Ronald and Lorraine......of great interest. 

Sent: Friday, January 02, 2004 8:23 AM

Subject: SOCIAL SECURITY

> Subject: SOCIAL SECURITY 2004
> 
> This is very interesting and something that even> those of us not
> collecting now should look at seriously. > 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:
> Immigrants moved into this country and at 65 got> Social Security. The
> Government gave that to them although they never> paid a dime into it.

Ø    SOCIAL SECURITY: (This is worth the read. Its short> and to the point.) > Perhaps we are asking the wrong questions during> election years. Our> Senators and Congress men and women do not pay into> Social Security and,> of course, they do not collect from it.

Ø     
> 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.

Ø   
> 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 $7,800,000.00 ( 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!

Ø   
> 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 monthly benefits for 68 years and one (1)> month to equal Senator> Bill Bradley's benefits!

Ø     
> 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.

Ø     
> If enough people receive this, maybe a seed of> awareness will be planted> and maybe good changes will evolve.

Ø     
> PLEASE! PASS THIS ON!
> 2004 ELECTION ISSUE
> This must be an issue in 04.
> Please! Keep it going.
> How many people can YOU send this to ?