6
   

Not new, but 'another' way the gov. takes your SS$.

 
 
kerk
 
Reply Sun 6 Oct, 2013 06:04 am
I just signed up to receive benefits, and of course I understand that you are not actually entitled until you have been at that age for 'one month'. But I was livid once I found out how they have managed to milk billions of dollars out of recipients by making them wait THREE WEEKS for their money AFTER their checks are actually due them.

Let me give an example (with hypothetical numbers) to show how they do it:

Let's say 3 million recipients receive $1200 a month, that = $3,600,000,000 a month. And let's say there is a CD interest rate of 3% annual. We divide that by 52 weeks, then multiply that by the 3 weeks they hold your money = $6,230,769 in interest EVERY 3 weeks that the government rips off from recipients in interest that is theirs.

Yes, over 6 million dollars (just using these numbers) every 3 weeks that they can use to pay bonuses to government workers, take trips, pay for the GSA or IRS to have training groups in Hawaii, etc..

Think the 3 weeks they make you wait amounts to nothing? Think again. They pinch you just enough so you won't squeal, so that they can make a lot of money.
 
Kolyo
 
  1  
Reply Sun 6 Oct, 2013 09:13 am
@kerk,
kerk wrote:

Think the 3 weeks they make you wait amounts to nothing? Think again. They pinch you just enough so you won't squeal, so that they can make a lot of money.


NOW you're complaining that they don't pay out enough in benefits...
0 Replies
 
parados
 
  1  
Reply Sun 6 Oct, 2013 09:24 am
@kerk,
Quote:
But I was livid once I found out how they have managed to milk billions of dollars out of recipients by making them wait THREE WEEKS for their money AFTER their checks are actually due them.

I'm unclear what you mean here. Are you saying you don't get the check on the date the check is due or are you saying the date the check is due is wrong?
0 Replies
 
Miller
 
  0  
Reply Sun 6 Oct, 2013 10:07 am
@kerk,
A CD rate of 3%, where in Canada or Mexico? Come back to Earth, Junior.
realjohnboy
 
  3  
Reply Sun 6 Oct, 2013 10:44 am
@Miller,
Do you know what really bums me out? I'll tell you. If I die on the last day of the month I'll get zilch while people who croak one day later get an extra month's benefits. They could check out at 12:01 on the 1st but if I go at 11:59 on the 31st... two minutes earlier, I'm out of of luck. And if the month had only 30 days instead of 31....
Life ain't fair.
RABEL222
 
  1  
Reply Sun 6 Oct, 2013 12:26 pm
@realjohnboy,
The one who croaks on the 1st loses his check for that month also. Whats your point?
0 Replies
 
chai2
 
  2  
Reply Sun 6 Oct, 2013 12:33 pm
@realjohnboy,
Yeah, and there you are dead and everything, and on top of that you don't get to spend that money while you're sitting around dead.

It ain't fair I tell ya, it just ain't fair.
parados
 
  3  
Reply Sun 6 Oct, 2013 08:00 pm
@realjohnboy,
Just get a relative to keep you in the freezer for a while. That way you can keep collecting checks.
0 Replies
 
myrah
 
  1  
Reply Thu 6 Mar, 2014 06:49 am
@kerk,
It looks so simple that how easily they make money by doing nothing apart from holding us for some weeks. We don't loose but they gain a lot from it that is a huge sum of money just from interest. God people have to do something.
0 Replies
 
Linkat
 
  2  
Reply Thu 6 Mar, 2014 08:23 am
@realjohnboy,
Quote:
If I die on the last day of the month I'll get zilch


Whatever day you die you will get zilch - do you really think you can use money when you die (not to mention get access to it?)
chai2
 
  1  
Reply Thu 6 Mar, 2014 08:34 am
@chai2,
Great minds think alike Linkie.

chai2 wrote:

Yeah, and there you are dead and everything, and on top of that you don't get to spend that money while you're sitting around dead.

It ain't fair I tell ya, it just ain't fair.
Linkat
 
  2  
Reply Thu 6 Mar, 2014 10:35 am
@chai2,
yep saw yours and (a couple of others) afterwards.

I just had to laugh
chai2
 
  1  
Reply Thu 6 Mar, 2014 11:05 am
@Linkat,
It does kind of suck for your survivors though. They don't get your last check.
Linkat
 
  1  
Reply Thu 6 Mar, 2014 12:22 pm
@chai2,
well he is only worried about him not getting his last check. Now if you were to die and you did get your last check, what would you spend it on?
chai2
 
  1  
Reply Thu 6 Mar, 2014 12:34 pm
@Linkat,
botox and maybe a tanning bed.

I mean, I wouldn't have to worry about skin cancer anymore.
0 Replies
 
Miller
 
  1  
Reply Sat 8 Mar, 2014 03:21 pm
@Linkat,
You may not get anything, but your heirs could get the money. By the way, what "money" are we talking about? Pension, SS or what?
0 Replies
 
Miller
 
  1  
Reply Sat 8 Mar, 2014 03:23 pm
@Linkat,
Linkat wrote:

well he is only worried about him not getting his last check. Now if you were to die and you did get your last check, what would you spend it on?


Why not cash the check and then give it to all the hard working nurses and docs who've taken care of you , during your illness?
0 Replies
 
 

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