Why aren't more people talking about this? And why is it ok for the senate and congress to vote on their own pay, isn't that a conflict of interest?!?!
"Perhaps we are asking the wrong questions during election years.
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>Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it.
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>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 .
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>In more recent years, no congressperson has felt the need to change it. After all, it is a great plan.
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>For all practical purposes their plan works like this:
>When they retire, they continue to draw the same pay until they die.
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>Except it may increase from time to time for cost of living adjustments..
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>This is calculated on an average life span for each of those two Dignitaries. For example, 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.
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>Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives.
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>Their cost for this excellent plan is $0.00. NADA....ZILCH....
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>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;
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>"OUR TAX DOLLARS AT WORK"!
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> >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.
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>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 Senator! Bill Bradley's benefits!
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>Social Security could be very good if only one small change were made.
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>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.
