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Posted: 11/2/2001 6:16:29 AM EDT
Something to ponder! . Perhaps we are asking the wrong questions in this election year. Our Senators and Congressmen do not pay into Social Security and 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 own benefit plan. In 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, no matter how long they have been in office, they continue to draw the same pay until they die, except it may be increased from time to time by 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 herlife. Their cost for this excellent plan is Zero, Nada, Zilch. This little 'perk' they voted in for themselves is free to them. You and I pickup the tab for this. It's called Our Tax Dollars at Work! Social Security, which you and I pay into every payday for our own retirement, with an equal amount matched by our employer, lets us expect to eventually receive an average of $1,000 per month or less. We would have to collect our benefits for 68 years and 1 month toequal the Bradleys 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 and then watch how fast they fix it!!! If enough people receive this, maybe a seed will be planted, and maybe some good changes would evolve. Don't forget that Your Girl, Hillary Rodham Clinton, thanks to the infinite wisdom of New York State voters, now comes under this Congressional Retirement Plan. Also don't forget that each so-called retired president collects over $200,000 per year. Don't forget, they lost their job and are still getting paid for it. Do you? You don't? 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. Right? 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.
Link Posted: 11/2/2001 6:55:42 AM EDT
Yes it is.
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