tj1n
07-26-2002, 12:36 PM
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 Congressmen do not pay into Social
Security and, of course, they do not collect from it. Social
Security benefits were not suitable for persons of their
rare elevation in society. They felt they should have a
special plan for themselves. Many years ago they voted in
their own benefit plan. 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), 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. monthly
benefits for 68 years and one (l) month to equal Bradley's
benefits!
Social Security could be very good if only one small change
were made. And 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 and then 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.
TJ
(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 Congressmen do not pay into Social
Security and, of course, they do not collect from it. Social
Security benefits were not suitable for persons of their
rare elevation in society. They felt they should have a
special plan for themselves. Many years ago they voted in
their own benefit plan. 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), 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. monthly
benefits for 68 years and one (l) month to equal Bradley's
benefits!
Social Security could be very good if only one small change
were made. And 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 and then 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.
TJ