The Literary Correspondent and I often disagree on matters political. This one is merits a lot of thought as something I could sign on to and feel quite good about it.
(This is worth reading. It is short and to the point.)
Perhaps we are asking the wrong questions during election years. Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it.
When they retire, they continue to draw the same pay until they die, except for occasional cost of living adjustments.
For example, Senator Byrd and Congressman White and their wives may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275,000.00 during the last years of their lives.
This is calculated on an average life span for each of those two Dignitaries.
Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives. (Editor’s Note: That seems a bit high. Senators currently make $165,
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.
Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator! Bill Bradley's benefits!
Social Security could be very good if only one small change were made. 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.
Then sit back and see how fast they would fix it.