Oh my god the NOTES
HAD TO REBLOG AGAIN !!!
the gif… PRICELESS.
there are only a little over 9million users on Tumblr..almost every single damn person has liked this post. Tumblr has the power!
Never not reblogging because it gets truer and truer every day.
I WILL REBLOG EVERY TIME I SEE IT UNTIL NOVEMBER 6TH
You Pay over 15% of your Salary into the Social Security/Medicare System Every Year.
Republicans Call It an “Entitlement”, Implying You Feel “Entitled” to Other People’s Property.
Picture above used via Creative Commons License thanks to Flickr user DonkeyHotey who has no connection to this blog or blogger.
Explanation: As a self-employed individual I pay both sides of the Social Security payment towards the Social Security/Medicare system. That’s 15.3% of my income each year. I was shocked when I saw the rate, since as an employee I paid half of that. A little checking led to the realization that an employer paid half of the total amount, matching my contribution. But I’ve also learned, that employers maintain that if they did not have to pay their portion of the “payroll” taxes they would instantly transfer that money to their employees.
And, if you believe they would actually funnel the money into your paycheck, I’ve got a brand spanking new Ford Model T to sell you! But it shows the mindset of the business community, and they probably do take it out of your salary. I know its completely taken out of mine.
So for the years you’ve worked the government has taken 15.3% of your salary for all intents and purposes for the purpose of your retirement and late life medical care.
But for thirty years or more mainstream news media have joined the GOP in proclaiming that the Social Security program an “entitlement” like something wholly unearned passed down to you as an inheritance (a windfall that Republicans actually believe you should get in entirety without paying taxes on it) and the GOP has acted like it’s something you are demanding from poor starving billionaires.
I checked out a while back and found that even 6.2% interest applied to what is taken from only your paycheck for your Social Security alone (okay that’s 6.2 also) would make a nice nest egg and keep you living at the same standard of living (as you averaged) for 20 years past your retirement. And the calculator I used only paid the interest yearly. Social Security payments are not paid out at the amount you were receiving, but substantially less, so you should receive them for substantially longer than 20 years without costing the government anything.
Also there is the charge that the government doesn’t pay out interest on payroll taxes funds because they don’t make interest on them. But if the government avoids higher interest charges because it has the FICA funds sitting around waiting for people to retire, then it is receiving a kind of interest on them most of that benefit should be passed on to you.
And we need to put to bed the idea that young people pay for older people’s retirement. The numbers show they don’t, and I only used the amount that each person is taxed for SS, not the employers contributions. so you should be set up for 40 years post retirement at the same income.
So don’t let anyone call your Social Security an “entitlement”. You earned it, you saved it. It’s yours! But the Republicans want to take it away for tax cuts for fat cats and war. JUST SAY NO TO THEM AT THE POLLS THIS YEAR or they may be gone forever.
Here is the compound interest calculator I used for the above calculations.
Major defense contractors have been going around saying the sequestration cuts to Pentagon spending will cause widespread job losses, but history tells a different story. Find out more, then share this around.
Want more of this? Consider donating to the Project On Government Oversight.
Oh our government…Truly the most functional and most effective in the world.
REBLOG this and never forget it.
THIS is what frustrates me the most about people who complain that Obama was ineffective. If you consider the childish, playground-bully tactics the GOP adopted, it’s astounding he got as much done as he did.
I kind of want to leave this here until Election Day.
YOU GUYS. I’m not saying we should be complacent here. Turnout is crucial. We all need to vote. Obviously.
But RELAX. When we buy into this narrative, we are becoming part of the problem that the media is creating.
It was a bad debate performance, and the polls are going to reflect it. Anyone who honestly believed that things weren’t going to tighten up a bit leading up to Election Day (*raises hand*) was being pretty naive. This is how it works.
Based on the reaction of Andrew Sullivan and the media, you’d think the president stumbled onto the stage drunk, exposed himself, and told the country to bugger off. THAT would be an “epic meltdown.” This is not that.
If I had to guess, I’d say the media will have a little fun with this narrative until after the second debate when Obama will make a miraculous comeback and the headlines will read HE’S BACK and his lead will widen just a little bit and everything will be okay.
Everything. will. be. okay.
I have really cool next door neighbors. One of them rang my doorbell this morning at about 7:30 and told me he’d pulled up my Obama yard sign because it looked like this.
Juxtapose this sign with this article whose title is “Does racial bias fuel Obama foes? How to tell?” How to tell!
Romney says his campaign ‘doesn’t need a turnaround.’
Scott Pelley: You are slipping in the polls at this moment. A lot of Republicans are concerned about this campaign. You bill yourself as a turnaround artist. How are you going to turn this campaign around?
Mitt Romney: Well, actually, we’re tied in the polls. We’re all within the margin of error. We bounce aroun — week to week— day to day. There are some days we’re up. There are some days we’re down. We go forward with my message, that this is a time to reinvigorate the American economy, not by expanding government and raising taxes on people, but instead by making sure government encourages entrepreneurship and innovation and gets the private sector hiring again.
Scott Pelley: Governor, I appreciate your message very much. But that wasn’t precisely the question. You’re the CEO of this campaign. A lot of Republicans would like to know, a lot of your donors would like to know, how do you turn this thing around? You’ve got a little more than six weeks. What do you do?
Mitt Romney: Well, it doesn’t need a turnaround. We’ve got a campaign which is tied with an incumbent president to the United States.
Meanwhile, reality disagrees.
After a summer in which he routinely posted larger fundraising hauls than President Obama, Mitt Romney was supposed to march into the home-stretch of the campaign accompanied by a war chest so massive it would induce insomnia at Obama headquarters in Chicago. But the GOP presidential nominee’s deflating fundraising numbers this week suggest that Team Obama might get some sleep this fall after all.
Romney’s campaign, in a report filed to the Federal Election Commission this week, showed $50.4 million cash on hand — nearly $40 million less than Obama’s reported $88 million. Romney’s joint fundraising operation with the Republican National Committee and other party committees still has a bigger bank account overall. But that advantage –$180 million on hand compared to President Obama’s $120 million, according to The New York Times – is hardly as large as Republicans hoped it would be when the former governor reported hundreds of millions raised this summer.
[Relying on] larger donors also [presents a] problem for Romney: Contributors offering $5,000 checks might have boosted his summer fundraising totals, but because they’ve reached their maximum contribution, he can’t return to them for more money. Obama, meanwhile, can continually ask his small-donor pool for more cash.
“There’s a practical problem there” for Romney, said Neil Reiff, a Democratic campaign finance lawyer. “The momentum is going to die because it’s a pyramid scheme to some extent. You’re claiming all this credit but you can’t go back to same well.”
And Mittens is talking about national polling — we know this is a swing state election. Swing state polling isn’t going all that great for Romney.
If Romney doesn’t think he needs to turn this thing around, that’s fine with me. Because if he doesn’t, he’ll lose for sure.
He doesn’t think he needs a turnaround? Uhhh. Mmmkay.
But given the conversations that have been out there in the political arena lately, I want to emphasize Medicare and Social Security are not handouts. You’ve paid into these programs your whole lives. You’ve earned them.
President Barack Obama to the AARP (via samuraifuckingfrog)
THANK YOU. Why don’t people understand this? Do you not look at your paystub?
I’m giving away these political pins that I made to celebrate 1,000 followers. Many of the pins are made with watercolor designs that I painted by hand, scanned, and edited/added text to in Photoshop.
There will be 5 winners. Grand prize winner gets to pick any 10 pins that they want (or if you don’t like that many of these, I’ll make you some custom designs!). The 4 other winners can pick any 5 pins that you want. I’ll ship anywhere in the USA for free.
How to win the pins:
- You DON’T have to be following me (but if you like these designs, my blog might interest you)
- Reblog this post! Likes don’t count.
- You can reblog as much as you want
I’ll pick winners with a random number generator on September 20, 2012
If you want some pins and don’t want to bother with the giveaway, they’re available on ebay. You can also see better pictures of ALL of the available designs on the ebay listing. There are a few designs that I couldn’t fit into the above image.