Perhaps we are asking the wrong questions
during election years.
Our Senators and Congressmen do not pay
into Social Security and, of course, they do not collect from it.
Social Security benefits were not suitable for persons of their
rare elevation in society. They felt they should have a special
plan for themselves. Many years ago they voted in their own
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, they continue to draw
the same pay until they die, except it may increase from time to
time for cost of living adjustments. For example, former Senator
Byrd and Congressman White and their wives may expect to draw
$7,800,000.00 (that's Seven Million, Eight-Hundred Thousand),
with their wives drawing $275,000.00 during the last years of
their lives. This is calculated on an average life span for
each.
- Their cost for this excellent plan is
$00.00. Nada. Zilch. 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--our tax dollars at work!
- 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 $1,000 per month after retirement. Or, in other
words, we would have to collect our average of $1,000. monthly
benefits for 68 years and one (l) month to equal Bradley's
benefits!
Social Security could be very good if
only one small change were made. And 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 and then watch how fast they work to fix it. If enough
people receive this, maybe a seed of awareness will be planted
and maybe good changes will evolve.