Wishful thinking about Social Security.

Got this as an email. It’s worth sharing, I think, even though there’s not a chance in hell of anything ever being done to achieve equity.
Perhaps we are asking the wrong questions during election years!
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;
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 SenatorBill 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.

Heh. And just how likely is that to happen??
ADDENDUM: Please see comment below indicating that the above is not really true. The commentor points to links that can be used to verify the validity of such emailed information.

1 thought on “Wishful thinking about Social Security.

  1. Your Web site has an item that has circulated on the Net for years. It concerns members
    of Congress and Social Security.
    The US Government’s Social Security Web site at: http://www.ssa.gov/history/hfaq.html
    refutes the claims made in the item.
    Some other sites that refute it are at:
    Three Red Flags are hoisted in many items of this type:
    1. No author of the material is named.
    2. There are no references of any kind given.
    3. The Brightest and Biggest Red Flag is: “Send this to as many as you can.”
    You would do the public a major service by removing the false information presented as
    truth. If you feel it should not be removed, at least clearly present the material for what it
    Ronald R. O’Neal roneal@wt.net
    1503 Ramada
    Houston, Tx 77062

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