Friday, August 24, 2012

Social Security and bike store


A person brought in 3 bicycles and wanted to trade 2 of them is to get a set of tires on the 3rd. I checked out the bikes, they were all dirty and had sit for quite some time, but probably in a Garage or inside somewhere.  The gears worked but the bikes needed some lube, chains all checked as good.
I could not pass up a deal like this, The man said that two of the bikes were his daughter's bikes but they had outgrown them several years ago and the other bike was his. He had not ridden in several years but wanted to start back up and wanted some new tires to start with.
I placed the tires on order and got the other 2 bikes cleaned lubed and priced. I also checked the web and the Police Department to make sure these bikes had never been reported stolen.  Everything came back good, so we will sell the 2 bikes and put new tires on his bike. He gets FREE tires and we get 2 more bikes to sell. Looks like a deal where everybody wins.
The Book Store/Bike Shop had its Grand Opening and ribbon cutting. The people from the Chamber of Commerce came out, took photos and looked over the store. There was a little more business than usual but not much. David Warburg and I went over and picked up a refrigerator for the store. I worked on a couple bikes. cleaned and organized the shop some and one of our regular customers showed up.
He said he had been hit by a car on his bike, there was a large dent in the frame, and the crank was extremely loose. I checked the crank and it was working so I tightened that up and Robert (the customer) looked through some catalogs to find some stuff he wanted for his bike. He said the accident had happened about 3 days back and that he had been in the hospital for a couple days. He was not hurt bad, but they did want to keep him for observation after the wreck.
He placed an order for about 110.00 worth of items, and I gave him a ride home. I have placed the order with the supplier and Jim will order it Monday.
Saturday
I plan to get up relatively early and head down the bike trail, will try to get in at least 20 miles before breakfast. I am going to race in the Golden Olympics in September and need all the training I can get before then.
Ruth and I plan to meet our daughter, son in law and the grandkids tomorrow at Reed Bingham State Park on the Cook/Colquitt County lines for a picnic. They are going to camp out at the campgrounds there and we are going to join them for a picnic. Jason wants us to also bring one of his bikes, so he can have it to ride in the park.
Once we return from the park we have a great deal of cleaning up to do around the house, so will be busy all weekend.
I received the following email from a friend; you may find it interesting.
KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT... THIS IS SURE SOMETHING TO THINK ABOUT!!!!
THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!!
WHERE DID THAT MONEY GO?
This was sent to me AND I am forwarding it because it does touch a nerve in me.
Remember, not only did you and I contribute to Social Security but your employer did, too. It totaled 15% of your income before taxes. If you averaged only $30K over your working life, that's close to $220,500. Read that again. Did you see where the Government paid in one single penny? We are talking about the money you and your employer put in a Government bank to insure you and I that we would have a retirement check from the money we put in, not the Government. Now they are calling the money we put in an entitlement when we reach the age to take it back. If you calculate the future invested value of $4,500 per year (yours & your employer's contribution) at a simple 5% interest (less than what the govt. pays on the money that it borrows), after 49 years of working you'd have $892,919.98.
If you took out only 3% per year, you'd receive $26,787.60 per year and it would last better than 30 years (until you're 95 if you retire at age 65) and that's with no interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per year, you'd have a lifetime income of $2,976.40 per month.
Another thing with me.... I have two deceased husbands who died in their 50's, (one was 51 and the other one was 59 before one percent of their social security could be drawn. I worked all my life and am drawing 100% on my own social security). Their S.S. money will never have one cent drawn from what they paid into S.S. all their lives.
THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID.
Entitlement my foot, I paid cash for my social security insurance! Just because they borrowed the money for other government spending, doesn't make my benefits some kind of charity or handout!!
Remember Congressional benefits? --- free healthcare, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days. Now that's welfare, and they have the nerve to call my social security retirement payments entitlements?
We're "broke" and we can't help our own Seniors, Veterans, Orphans, or Homeless. Yet in the last few months we have provided aid to Haiti, Chile and Turkey. And nowPakistan ......home of bin Laden. Literally, BILLIONS of DOLLARS!!!
Our retired seniors living on a 'fixed S.S. income' receive no additional federal aid nor do they get any financial breaks, while our government and religious organizations pour hundreds of billions of $$$ and tons of food to foreign countries!
They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives, and now, when it's time for us to collect, the government is running out of money. Why did the government borrow from it in the first place? It was supposed to be in a locked box, not part
of the general fund.
 Sad isn't it?
 Let me know what you think.

Have a great day

Jerry " The Bicycle Nut' Goodwin

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