Why Congress Ignores Your Retirement
You may be worried about saving for retirement—but Congress isn’t. Only 50 percent of all American employees can sign up for a 401(k) or other plan at work, and only 35
percent of senior citizens currently receive income from a pension. But members of Congress have a pension and the option for a 401(k)-type plan.
percent of senior citizens currently receive income from a pension. But members of Congress have a pension and the option for a 401(k)-type plan. “If you’re a Congressman who retired in 2006 after 20 years, you’d get a $55,000 initial yearly pension, as well as your 401(k) savings and Social Security benefits,” says David John of The Heritage Foundation. “Many members of Congress don’t understand how hard it can be for the average person to save. They address retirement with their ‘leftover’ time. It’s not a high enough priority for them.”
Just stop and think about it -- once elected these gob'mint hogs feed at the trough as long as they like -- incumbent reelection rates are near 100%, they let the taxpayers pay for all the perks, let the lobbyists pay for all their meals and vacations, and steal what they can on the side.
Then they retire, double their pay as prostitutes for special interests, sit on boards of directors for thousands, and strut around the barnyard claiming to have sacrificed as a 'public servant' for twenty years...... Give me a break!!!!
And I ain't even gonna mention that the vast majority of them are lawyers, and never wore a military uniform, or signed a payroll check as a business owner!! It's interesting that each succeeding congress has fewer members with military service as we get further and further from the end of the draft in '73! So much for volunteering and patriotism!
No comments:
Post a Comment