The Social Security check is now (or soon will be) referred to as a “Federal Benefit Payment?” I’ll be part of the one percent to forward this. I am forwarding it because it touches a nerve in me, and I hope it will in you. Please keep passing it on until everyone in our country has read it.
The government is now referring to our Social Security checks as a “Federal Benefit Payment.” This isn’t a benefit. It is our money paid out of our earned income! Not only did we all contribute to Social Security but our employers did too. It totaled 15% of our income before taxes.
If you averaged $30K per year over your working life, that’s close to $180,000 invested in Social Security.
Bob Merrill remembers that in the 1980s, grown men cried in his kitchen before handing over their farm to the bank because they couldn’t pay the interest on their loans. (Kristina Barker/For The Washington Post)
Shane Merrill lives in a small town in South Dakota that’s 1,400 miles from Wall Street, but he watches the numbers as avidly as the traders.
Merrill isn’t an investment manager. He’s a family farmer. Right now, as he drives a tractor and planter to get soybeans in the ground, he’s also checking financial news on his smartphone. He’s worried, he says, about interest rates shooting up.
To keep his farm going, he has to borrow about $1 million a year from the bank, a common scenario for family farmers. Merrill takes out a loan in the early spring to buy seeds, fertilizer and fuel and aims to pay it back, with interest, after the fall harvest.
What major issue is hovering ominously over Trump and his administration and those who worked on his campaign and transition team? Yes, Russia but why Russia? Simple – MONEY! Greed! This can be proven, and I believe that all the bragging and bluster about his billions and billions of dollars and what a success he is – “never been anyone in all of history more successful” – blah ditty blah ditty YAK – will be proven false. So yeah, it’s about money he owes to foreign governments. Probably not just Russia. Lies you say? We could clear all this up if he would release his taxes.