This is a Facebook post from December 2017 and it is still being re-posted in 2025
It’s garbage, nonsense but readily believed by ignorant people who fail to check any information they read no matter how absurd. Even worse eagerly pass it around.
I was going to comment on each ridiculous statement below, but I’m worn out, depressed, frustrated. I hope you easily see each piece of nonsense.
I do have a favorite though one demonstrating how stupid the writer is: “Did you see where the Government paid in one single penny?”
As you read this, keep in mind that Social Security is far more than an individual workers retirement benefit.
KEEP PASSING THIS AROUND UNTIL
EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT…
THE ONLY THING WRONG WITH THE
GOVERNMENT’S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!!
WHERE DID THAT MONEY GO?
Remember, not only did you and I contribute to Social Security but your employer did, too. It totaled 15% of your income before taxes.
If you averaged only $30K over your working life, that’s close to$220,500.
Read that again.
We are talking about the money you and your employer put in a Government bank to ensure you and me that we would have a retirement check from the money we put in, not the Government.
Did you see where the Government paid in one single penny?
Now they are calling the money we put in an entitlement when we reach the age to take it back.
If you calculate the future invested value of $4,500 per year (yours & your employer’s contribution) at a simple 5% interest (less than what the Government pays on the money that it borrows).
After 49 years of working you’d have $892,919.98.
If you took out only 3% per year, you’d receive $26,787.60 per year and it would last better than 30 years (until you’re 95 if you retire at age 65) and that’s with no interest paid on that final amount on deposit!
If you bought an annuity and it paid 4% per year, you’d have a lifetime income of $2,976.40 per month.
THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID.
Entitlement my foot; I paid cash for my social security insurance!
Just because they borrowed the money for another government spending, doesn’t make my benefits some kind of charity or handout!!
Remember the benefits for members of Congress?
- free healthcare,
- outrageous retirement packages,
- 67 paid holidays,
- three weeks paid vacation,
- unlimited paid sick days.
Now that’s welfare, and they have the nerve to call my social security retirement payments entitlements?
They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives, and now, when it’s time for us to collect, the government is running out of money.
Why did the government borrow from it in the first place? It was supposed to be in a locked box, not part of the general fund.
QUINNSCOMMENTARY 
The writer is decent in math although inflation isn’t taken into account and not without writing skills. I do fault their knowledge of the program and why would they think there is government money that could be invested in the program. So I wouldn’t say stupid but certainly in the dark on the whole of the program in thinking it is pure retiree pension. This is better than the social media posts you usually reference.
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