Posted on October 15, 2009. Filed under: Social Security Administration | Tags: 13 billion, America, americans, Barack Obama, COLA, Consumer experience, Good news, In thru the out door, malkin, Personal finance, Recession, Seniors, Social Security, Social Security Administration |
by Connie Madon
This news comes on the eve of an announcement by the Social Security Administration stating that there will be no “cost of living” this year. By law, increases in Social Security payments are tied to the cost of living, or COLA. Since there is no inflation this year, there will be no increase in Social Security benefits. This would be the first year since 1975 with no increase.
The problem with COLA is that it is calculated on the basis of “core CPI,” which excludes food and energy. This has been a big flim flam for seniors ever since the beginning because food and energy have been two areas where the biggest increases in living costs can be found. We are going to be paying more to heat our homes this winter than last, and prices at the supermarket are not going down.
The $250 payments would also go to those receiving veterans benefits, disability benefits, railroad retirees and public employee retirees who don’t receive Social Security.
Should the COLA be changed to include the costs of food and energy?
Great article from Bloggingstocks.com
Because Barack Obama voted “present” on the health care bill by refusing to submit his own bill, Americans have been left with a number of different bills in Congress to evaluate. This has been made more difficult by the fact that the Democrats, including Barack Obama — scratch that — ESPECIALLY Barack Obama, have been lying about what’s in the bills winding their way through Congress. Meanwhile, the mainstream media has stopped asking any tough questions and has simply taken on the role of a love struck cheerleader waving pom poms for her dashing boyfriend, the quarterback of the health care plan.
So, let’s talk about the basic questions YOU should have answered to your satisfaction before you consider supporting any health care bill that comes out of Congress. As you read these questions, keep in mind that every one has been inspired by bills that are moving through Congress as we speak.
1) Medicare and Social Security are driving this country into bankruptcy. Can we afford another gargantuan government entitlement program when we know we can’t pay for the programs we already have?
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