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Strategies & Market Trends : Mu Gamma Lambda

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To: Augustus Gloop who wrote (1923)7/11/2001 6:29:41 PM
From: nolimitz  Read Replies (6) of 10077
 
Perhaps we were asking the wrong questions in
this past election year.
Our Senators/Congressmen do not pay into Social
Security, and, therefore they do not collect from it. Social
Security benefits were not suitable for them.

They felt they should have a special plan. Many
years ago they voted in their 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 no matter how long they have been in office,
they continue to draw their same pay until they die, except it may
be increased from time to time by the cost-of-living adjustments.
For example, former Senator Bill Bradley (New Jersey) and his
wife may be expected to draw $7,900,000.00 over an average
life span, with Mrs. Bradley drawing $275,000.00 during the last
year of her life. Their cost for this excellent plan is "0", nada,
zilch.This little perk they voted in for themselves is free to them.

You and I pick up the tab for this plan. Our tax dollars at work!
Social Security, which you and I pay into every payday for our
own retirement, with an equal amount paid in by our employer,
we can expect to receive an average of $1,000 per month. We
would have to collect our benefits for 68 years and 1 month to
equal the Bradley's benefits.

Imagine for a moment that you could structure a retirement
plan so desirable, a retirement plan that worked so well, that
Railroad Employees, Postal Workers, and others who were
not in the plan would clamor to be included. This is how good
Social Security could be, if only one small change was made.

That change would be to jerk the Golden Fleece Retirement
Plan out from under the Senators & Congressmen. Put them
into the Social Security plan with the rest of us. Watch how
fast they fix it!!!

If enough people receive this message maybe a seed will
be planted, and maybe good changes will evolve.

Don't forget, our girl, Hillary Rodham Clinton, now comes
under this Congressional Retirement Plan. Talking about
the Clinton's, it's common knowledge that, in order for her to
establish NYS residency, they purchased a million + house
in upscale Chappaqua, NY. Makes sense. Now, they are
entitled to Secret Service protection for life.
Still makes sense. Here is where it becomes interesting.

A residency had to be built in order to house the Secret
Service agents. The Clinton's now charge the Secret
Service rent for the use of said residence and that rent is
just about equal to their mortgage payment, meaning that
we, the tax payers, are paying the Clinton's mortgage,
and it's all perfectly legal.

How many people can YOU send this to?
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