I recieved this in my e-mail and although it's not an election year I thought I'd put it up as it is relavent until social security gets fixed.
Perhaps we are asking the wrong questions in this 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 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 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 Bradley 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 nada, zilch. This little perk they voted in for themselves is free to them. You and I pick up the tab for this plan. Retirement plan funds come directly from the General Funds. 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, we can expect to get an average of $1,000.00 per month. Or, 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!!!