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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: wooden ships who started this subject7/1/2000 8:17:53 PM
From: Karin  Read Replies (1) of 42834
 
SOCIAL SECURITY ..

So that any who don't, may know.
Our Senators and Congressmen don't pay in to Social
Security, and, of course, they don't collect from
it.

The reason is that they have a special retirement
plan that they voted for themselves many years ago.
For all practical purposes, it works like this:

When they retire, they continue to draw their same
pay, until they die, except that it may be increased
from time to time, by cost of living adjustments.

For instance, former Senator Bradley, and his wife,
may be expected to draw $7,900,000, with Mrs.
Bradley drawing $275,000 during the last year of her life.
This is calculated on an average life span for each.

This would be well and good, except that they paid
nothing in on any kind of retirement, and neither does
any other Senator or Congressman.

This fine retirement comes right out of the General
Fund: our tax money. While we who pay for it all,
draw an average of $1000/month from Social Security.

Imagine for a moment that you could structure a
retirement plan so desirable that people would have
extra deducted so that they could increase their own
personal retirement income. A retirement plan
that works so well, that Railroad employees, Postal
Workers, and others who aren't in it, would clamor
to get in.

That is how good Social Security could be, if only
one small change were made. That change is to jerk
the Golden Fleece retirement out from under the Senators
and Congressmen, and put them in Social Security with the
rest of us. Then watch how fast they fix it.

If enough people receive this, maybe one or some of them along the way, might be able to help. How many can YOU send it to?
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