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No Social Security $$ increase until 2012; Obama double crosses his base, media smothers the story
The Collins Report ^ | August 21, 2009 | Kevin "Coach" Collins

Posted on 08/21/2009 6:07:46 AM PDT by jmaroneps37

This is another important story being smothered by the Democrat controlled media.

The Obama administration has quietly announced there will be no raise in social security payments next year and maybe not until 2012, a presidential election year.

Citing a 2008 third quarter cost of living decline, Congress has voted no cost of living increase in next year’s Social Security checks for the first time since 1973.

The Democrats are pointing to their own prediction of a “… [steady] decline in consumer prices through the first three quarters of this year…” Based on this they claim to foresee no need for raises until possibly 1212.

Democrats ignore Consumer Price Index: hide behind flat Inflation

Obama’s base will suffer the most. While 80% of our big cities voted for Obama it’s apparent the elderly, both White and minority, will be asked to “balance the budget” by themselves. There might not be any inflation but the Consumer Price Index (CPI) has risen steadily since January, and people are living by the CPI not the rate of inflation.

Numbers show ignoring the CPI will crush elderly and minorities

Using Gastonia North Carolina as a baseline for CPI, here are some comparisons with other centers where the population is White Black Hispanic elderly and overwhelmingly Obama supporters.

In each of these Urban centers Obama got more than 80% of the vote but:

Those living in New York City need 55% more to live than those in Gastonia.

In Detroit they need 12% more; in Cleveland they need 10% more; Bostonians 25% more

Chicagoans 10.7% more and Oakland Californians need 43% more than those in Gastonia

The poor in these cities receive standard payments the same as everywhere else. The combination of no raise and a rising CPI will actually kill some of them

(Excerpt) Read more at collinsreport.net ...


TOPICS: News/Current Events
KEYWORDS: bho44; elderly; seniors; socialsecurity; socialsecuritycuts
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To: jmaroneps37

To all the old a$$holes that keep voting Democrat because of Roosevelt and Kennedy, UP YOURS!!!

No healthcare and now no food! Enjoy!!!


21 posted on 08/21/2009 6:25:00 AM PDT by GOPsterinMA (Eric Cartman for president in 2012)
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To: jmaroneps37

I wonder when we’ll be treated to the images of seniors being forced to eat dog food because of Social Security “cuts”?


22 posted on 08/21/2009 6:26:35 AM PDT by The_Victor (If all I want is a warm feeling, I should just wet my pants.)
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To: dirtboy
"Obama’s base will suffer the most." ...

You mean that 67% of NON - HS grads, 18 to 39, who voted him in ????

23 posted on 08/21/2009 6:27:00 AM PDT by litehaus (A memory tooooo long)
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To: TC Rider

Your parents were not screwed. They just did not get the extra money Congress inadvertantly allocated to others before the mistake was corrected. For Congress to fix the problem, the error would have to be perpetuated.

You should talk to your parents and tell them the truth. The truth is that your parents and my parents are on the front end of an intergenerational Ponzi scheme. Your parents paid relatively little in Social Security taxes unless they worked long after retirement age. They have drawn far more from Social Security than they put in even considering the time value of money.

Our situation is just opposite. Our payroll taxes were substantially increased in the mid 1980s. Congress spent all excess payroll taxes so there are no assets to support our retirement. Even if the money had been saved, our return on Social Security taxes would be paltry. Social Security is an income transfer program providing relatively high benefits to the low wage worker and much less to the higher wage worker.


24 posted on 08/21/2009 6:34:43 AM PDT by businessprofessor
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To: rbg81

but but but....

Congressman Andre Carson (Muslim, IN) told us in his campaign tv ads he was going to make Social Security “safe for seniors”


25 posted on 08/21/2009 6:35:04 AM PDT by nascarnation
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To: jmaroneps37

Yet the confiscatory tax keeps going up and up - on everybody; not just the “rich”. BTW, how much does Congress pay into SS? Inquiring minds want to know.


26 posted on 08/21/2009 6:37:34 AM PDT by NTHockey (Rules of engagement #1: Take no prisoners)
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To: Carley

they needed the money to give Brazil for oil exploration


27 posted on 08/21/2009 6:39:27 AM PDT by cd jones (Liberals: spreading misery, calling it equality)
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To: jmaroneps37

I was in the Walmart Superstore last week and I noticed that many canned goods had price increases from 30% to 60% since my previous visit early last month.

One item of note jumped from $1.10 to $1.45. Other store brands jumped from $0.55 to $0.87.

Carter II Hyperinflation could be rearing its ugly head.


28 posted on 08/21/2009 6:39:30 AM PDT by TomGuy
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To: jmaroneps37

Besides the fact that by 2012 the pan is to have many of these retirees in the ground. Take away their retirement money that buys food. STARVE them to death. Well this is less obvious than setting up Nazi style hospitals to starve them to death.

WHY IS EVERYONE SO SHOCK BRIAN WILLIAMS LET THIS SLIP ON A NEWSCAST 2 MONTHS AGO. I POSTED IT, IN A COMMENT, BUT NO ONE PAID ANY ATTENTION. HELLLOOOO


29 posted on 08/21/2009 6:43:21 AM PDT by Marty62 (former Marty60)
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To: jmaroneps37
Imagine if President Bush had done this, the Howl and the Outcry would have been overwhelming. If True, I doubt the compromised main stream media will say hardly anything, being in Obama's pocket.
30 posted on 08/21/2009 6:43:39 AM PDT by sr4402
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To: randita

Because we greedy old folks want to get as much of the lazy young folks money before the lazy young folks all go on the government dole! That’s why! ;-)


31 posted on 08/21/2009 6:43:53 AM PDT by SubMareener (Become a monthly donor! Free FreeRepublic.com from Quarterly FReepathons!)
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To: cd jones

And I am reminded that O promised Bermuda they wouldn’t tamper with their insurance companies and banks in exchange for taking the Ouiggers.

Guess that’s why bubba and bubbette are in Bermuda.

Checking on their money.


32 posted on 08/21/2009 6:46:09 AM PDT by Carley (OBAMA IS A MALEVOLENT FORCE IN THE WORLD)
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To: TomGuy

I’ve noticed the same thing. The prices have risen on just about everything I buy there, and expect that the recent increases (last 6 months or so) will continue. This is only the beginning.


33 posted on 08/21/2009 6:51:32 AM PDT by mrmeyer ("When brute force is on the march, compromise is the red carpet." Ayn Rand)
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To: Recon Dad

This is one granny who has been surprised every year when we got the COLA. I never have thought we should be getting those. Seems like a waste of money. I have always believed that retirement funds should come out of your income while you are able to work and that it be mandatory and held in a private account that you can only access at age 65 or whenever you stop working. The government should also not be able to touch it. We should only get back what we save in. Fortunately, I am still working at age 75 and plan on keeping working as long as I’m able. Now I’ve gotta go to work.


34 posted on 08/21/2009 6:54:15 AM PDT by WVNan ( (Attack him where he is unprepared, appear where you are not expected.: Sun Tzu))
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To: randita

Does this help you understand HOW the Retirees will be affected. The value of money DECREASES but PRICES doe not.

“When the volume of money and credit rises relative to the volume of goods available – which is the definition of inflation – the relative value of each unit of money falls. This makes prices for goods generally rise. When the volume of money and credit falls relative to the volume of goods available – which is also the deflation definition – the relative value of each unit of money rises, making prices of goods generally fall. Though many people find this concept difficult, the proper way to understand these changes is that it’s the value of units of money, which rise and fall, not the value of goods.”
.........................
“the proper way to understand these changes is that it’s the value of units of money, which rise and fall, not the value of goods.”
http://www.elliottwave.com/deflation/


35 posted on 08/21/2009 6:56:20 AM PDT by Marty62 (former Marty60)
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To: rbg81
at some point we will have to tell them NO!

Why? What about the $2B BO gave Brazil?
36 posted on 08/21/2009 6:59:42 AM PDT by presently no screen name
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To: WVNan
and plan on keeping working as long as I’m able.

That was good at one time, now it's more like as long as I have a job.
37 posted on 08/21/2009 7:01:12 AM PDT by presently no screen name
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To: rbg81

At some point the Senior Citizens will have to grow up and stop demanding more, more, more. That will probably be when we are totally broke.


38 posted on 08/21/2009 7:01:20 AM PDT by Republic of Texas (Socialism Always Fails)
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To: randita

last year there was a 7 percent raise in SS checks,,I was astounded. I think the program has some kind of dependence on something, some index, for raises and it is determined by law. Seems to me if the regs say no increase, there is no increase.

But the payments for medicare are going up,,determined on income. And one if one works and gets more income, the SS check reflects that.

So seniors better works,,hahahha,,I am in that boat and hubby is working.

I do think SS checks have gotten out of whack.


39 posted on 08/21/2009 7:12:22 AM PDT by cajungirl (no)
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To: TC Rider

Yep...my Mother was born in 1917...she was always po’d about the notch baby thing. But considering she went through....depression, WWII, Korea, Vietnam,Clinton Admin etc, AND worked from the age of 12 until she was 76, I would be po too. At least she doesn’t have to go through the total destruction of the Constitution. Miss you Mom


40 posted on 08/21/2009 7:12:51 AM PDT by Marty62 (former Marty60)
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