Why Social Security is Masked Welfare

Hopefully you have already read my previous pieces on the problems with the ponzy schemes we know as Social Security and Medicare. Here are some hard numbers that prove beyond a shadow of a doubt that these sacred fat cows that are responsible for 37% of our government's spending are the largest welfare programs in our nation and need to be changed and cut DRASTICALY and called what they really are ... WELFARE!

Let's say that you were 65 in 2010 and signed up for welfare ... I mean Social Security and medicare ... because you paid into it and you want what you paid for.  You were born in 1945 and started working full-time at age 18 in the year 1963. You paid FICA and Medicare tax
for 47 years.  Let do some simple math with the National Average Wage Index.  I added up the average wages for all 47 years.  This took some time as I checked my numbers three times, but the truth is well worth it.  In those 47 years you would have earned $942,356.62. 

On your earnings, 12.4% would have been paid into FICA and 2.9% would have paid into Medicare.  You would have paid half of this making your personal contribution 6.2% and 1.45% respectively for a total of 7.65% of your pay (What is FICA?). In total, you would have paid $72,090.28.  Your employer would also have paid $72,090.28.  That would leave you with $144,180.56 in your "account". 

Now, the average cost per person on Social Security is $1,177 per month for a total of $14,124 per year.  The average cost per person on Medicare is $11,000 per year of which the recipient pays about 10% for a total of $9,900 per year (WOW!  Wish *I* could get that kind of coverage ... and *I'M* healthy!!!).  In total we are looking at $24,024 per year for those on SS and Medicare. 

Now we take what was "paid in" for them and divide it by what they are paid out each year.
$144,180.56 / $24,024 =  6.001 years 

The avergage life expectancy in the United States is 78.3.  That means that the average senior will be on Social Security and Medicare for 13 years, of which only 6 they've earned.  Each person on the dole costs us $168,168 over their lifetime and that is only if the costs don't go up (which they will).  Now I'm not saying that seniors are not important.  What I AM saying is that they only EARNED 46% of what they receive.  That makes the other 54% of it
 ~W~E~L~F~A~R~E~
and I'd appreciate it if they showed the smallest amount of gratitude for what they get FOR NOTHING!

They personally only paid 23%, their employers paid another 23%, and the rest of us get stuck with the balance of 54% while still having to provide for our children and our own futures.  If we divide that 54% out to the 3.79 workers for each person on SS and Medicare it comes out to 14.25% per worker per recipient.   Today's seniors did NOT have to carry that burden!  Those of us picking up the UNEARNED benefits they are receiving do so at our own demise as we try to feed and clothe and house our children, not to mention cover our own medical costs (it's been so long ... I wonder what it's like to have health insurance ...). 

Adding insult to injury, the seniors on the dole refuse to take any kind of cut in their benefits of any kind.  They are so brainwash, selfish and self-centered that they could care less about what they are doing to their own children, grandchildren and this country. 

This is precisely why the original intent of SS made a person outlive the average life expectancy by 3 1/2 years before collecting anything.  But sssshhhhhhhhhh, don't tell any seniors on the dole the truth.  They don't like it.  I expect that type of attitude from liberals.  But it pisses me off when it comes from "conservatives".



Peace Out,
~*~*~Krystal~*~*~