Skip to comments.Social Security COLA and Impacts on Seniors (Oct 2010)
Posted on 08/03/2011 5:21:11 PM PDT by T.L.Sink
The Social Security Administration announced there would be NO cost-of-living adjustment for 2011, which marks the SECOND consecutive year there will be no COLA. This poses a great challenge to seniors who are trying to survive on fixed incomes, many of whom are struggling to make ends meet. In fact, Social Security was the primary source of income for 64 perecent of retirees in 2008, and for a third of them those checks represented 90 percent or more income.
(Excerpt) Read more at thehill.com ...
Why are we not surprised?
Why? Has anything gone up in price during the last couple of years?
Let’s see...what costs me now more than it did 2 years ago? Anything?
< / sarcasm >
This has to be tough on the old folks depending on SS. Food prices going through the roof, high electricity bills to keep from dieing from heat stroke, higher gasoline prices.....I feel for them.
This is the dimoKKKRATS way of trying to keep Social Security in check. No COLA, although we know darn well the cost of living has gone up.
To add to my above post, baseline budgeting makes sure the Federal government expenditures go up every year.
In fairness, though, seniors got a 5.8% COLA in 2008, which is two to three times more than usual. So, one could argue that they got two or three years worth of COLAs all at once.
obammie’s vacations, outings, and parties are much more important along with all the money he’s giving his followers (rats over the cliff vision)
He lives to spend our money.
We can just go to hell, but please eat your peas in the meantime.
If there is no SS Cola, is their SEIU COLA raises?
No it hasn't, if you leave out food ....and energy ... and clothing , then you double count housing , we're in a deflationary environment. Just ask Timmy Geitner and Ben Bernanke.
Sure. CPI-W isn’t based on real inflation anyway.
2. Why did the politicians in DC get their COLA if there was no inflation?
If there was no inflation in 2011 then there will be no COLA for SS in 2012 making it three years.
I could be seeing this incorrectly, but when I went to the actual article on the link you provided, it looked like your article was dated 10/20/10.
I think this may be an article from last year.
COLA is based on 3rd Qtr (Jul-Aug-Sep) CPI-W. As long as it’s higher than in 2008, then SS recipients AND military retirees will see an adjustment.
But no shortage of money for Cuba, Egypt, China, Iraq, Nigeria, Mexico, banks, the U.N., bombs for Libya, and on and on.
Oh yes...Medicare premiums increased so the the SS checks actually shrank.
Americans are losing their jobs and homes and seniors get no COLR but
Omuslim is supporting his muzzie bros:
BILLIONS FOR JIHAD!
Obamas 2009 Supplemental Appropriations for Iraq, Afghanistan, Pakistan, and Pandemic Flu was revised and passed by the full committee.
It gives billions http://creepingsharia.wordpress.com/2009/05/13/obamas-supplemental-bill-passes-gives-billions-to-enemies/
of U.S. taxpayer dollars to countries and entities that support Sharia law and/or harbor, hide and support those who want to destroy the U.S. and our allies.
Read the summary from David Obeys office that was quietly released last week with nary a word from any media.
$3.6 billion, matching the request, to expand and improve capabilities of the Afghan security forces
$400 million, as requested, to build the counterinsurgency capabilities of the Pakistani security forces
Afghanistan: $1.52 billion, $86 million above the request
West Bank and Gaza: $665 million in bilateral economic, humanitarian, and security assistance for the West Bank and Gaza
Jordan: $250 million, $250 million above the request, including $100 million for economic and $150 million for security assistance
Egypt: $360 million, $310 million above the request, including $50 million for economic assistance, $50 million for border security, and $260 million for security assistance
Pakistan: $1.9 billion, $591 million above the request
Iraq: $968 million, $336 million above the request
Oversight: $20 million, $13 million above the request, to expand oversight capacity of the State Department, USAID, and the Special Inspector General for Afghanistan to review programs in Afghanistan, Pakistan and Iraq
Lebanon: $74 million
International Food Assistance: $500 million, $200 million above the request, for PL 480 international food assistance to alleviate suffering during the global economic crisis
Refugee Assistance: $343 million, $50 million above the request, including humanitarian assistance for Gaza. Funding for the UN Relief and Works Agency programs in the West Bank and Gaza is limited to $119 million (Note: Gaza = Hamas)
Disaster Assistance: $200 million to avert famines and provide life-saving assistance during natural disasters and for internally displaced people around the world, including Somalia, Zimbabwe, Ethiopia, the Middle East and South Asia
Peacekeeping: $837 million for United Nations
peacekeeping operations, including an expanded mission in the Democratic Republic of the Congo and a new mission in Chad and the Central African Republic
Department of Justice: $17 million, matching the request, for counter-terrorism activities and to provide training and assistance for the Iraqi criminal justice system
The mainstream media remains silent on this but the International News has now picked up the story http://www.thenews.com.pk/top_story_detail.asp?Id=22164
and then there is Obamas $108 billion IMF bailout scheme http://michellemalkin.com/2009/05/13/obamas-100-billion-imf-bailout-scheme/
in addition to the Supplemental.
And THIS is what Obama is doing to American taxpayers:
THE BIGGEST TAX HIKE IN AMERICAN HISTORY:
Obama gives your tax dollars to rebuild Muslim mosques around the world
ACCORDING TO THE ASSOCIATED PRESS, THE OBAMA ADMINISTRATION WILL GIVE AWAY NEARLY $6 MILLION OF AMERICAN TAX DOLLARS TO RESTORE 63 HISTORIC AND CULTURAL SITES, INCLUDING ISLAMIC MOSQUES AND MINARETS, IN 55 NATIONS. See the State Department document here.
They should have 2010 up, but they dont. Thats where youll find Obamas largesse towards Muslim countries really go off the charts.
The Subway Sinatra:
Contruction worker who sings like Sinatra in NYC
How do expect to make a point by intentionally omitting a date on an article from 10/20/10 to pass it off as recent "news?"
SS may have gotten the increase on one side, but the government took what little increase that was given away when they increased payments to Medicare. Most Seniors actually received $3 to $7 dollars. Yes that was a wonderful COLA increase indeed... NOT!!!!
It is nearly certain that there will be a COLA increase announced in a couple of months for next year, based on the increased inflation.
The way the article read next year will be the third year in a row without an SS adjustment. My family and I have been making up the difference for our grandparents plus other needs. What graph does the government use to decide? And then too, why do they get their COLA?
Always fill in the date field, especially when posting an old article.
The sons o bitches in Washington sure got raises this year. We who are reliant on SS and retirement accounts are hosed. I WISH I were breaking even.
The only thing that I'm surprised about is that you are posting somthing that is nearly 10 months onld.
The only thing that I'm surprised about is that you are posting somthing nearly 10 months onld.
Why does the government get their COLA? Active duty military, and federal civilian employees don’t get COLA. They get pay raises based upon what, I know not. When I was on active duty I always thought somebody somewhere just pulled the number out of their butt.
You know next year MAY be the third year. It’s all based on 3rd qtr CPI-W. and it needs to be higher than CPI-W for JUN JUL AUG 2008 for SS recipients and retired military to get COLA.
Here this may help.
Social Security takes the inflation of everything into account EXCEPT food and fuel. There has been no inflation anywhere except in food and fuel costs.
Yes, they knew what they were doing when they did this.
I AM belligerent that all elected officials and government employees blithely don't feel obligated to "share the pain," by sharing the same basis and formula as us for annual wage increases.
THAT WILL NOT STAND.
WE Pay THEIR salaries!
Perhaps they should revisit the Master-Servant concept.
Everything looked like it was going up so it begs the question as to why SS recipients didn’t get an adjustment where government employees did. And the media is where, exactly, in all this?
The way Government budgets from year to year, if the budget was tied to the new way Obama calculates the CPI to screw seniors, it would go a looooong way to fixing the debt problem.
O'BumblesCare cuts $500 BILLION from Medicare...
AHHH - it's the Republicans that want to cut Medicare...just listen to the POTUS.
After 3 years of no COLA, the average Social Security will be about $700+ less per year...every year forward. I'd sure like to have that for oil in the winter.
Can someone explain why that is not a cut?
The administration put a THREE YEAR FREEZE on our social security.
There was not one penny increase last year nor this - and scheduled the same for 2012.
There will be an actual increase in the cost of living - yes - as there was the last two years. But they deliberately left out the cost of things like food, gas, etc....as if they weren't essentials.
I wouldn't bet on a COLA for SS next year....unless it's just enough to then take it away with an increase in the medicare deduction - for the gov't to keep and embezzle.
Absolutely. Rush, Hannity and several conservatives in Congress have been emphasizing that this insane baseline budgeting has put our future deficits/national debt on autopilot. It’s “Bernie Nadoff accounting.” It’s a system in which “cuts” are really just smaller INCREASES in spending.
But if that figure represents a fair cost of living increase for 2008 then they’re still behind the eight-ball. Further, disability is also part of S.S. and we all know medical costs are going through the roof.
Right - he and all his fellow socialists have never run a business or even had employees in the private sector. They’re experts in redistributing wealth but have never created any. The guy running the Dairy Queen down the street has more executive and managerial experience than any of those clowns.
If it were a Republican the media would make a make a TV ad featuring pictures from Auschwitz saying how the GOP wanted to exterminate the elderly. Sort of an expanded version of the one they now run showing grandma being shoved off a cliff in her wheel chair. Even our Democratic senator here in FL (Bill Nelson) was so ashamed he presented a bill in Congress that would give S.S. recipients a $250 increase to help make up for their losses. His fellow Democrats laughed it off the floor.
Good point and don’t forget the 500 billion Obama stole from Medicare for ObamaCare! That’s the sort of government accounting that would put a private citizen CPA in jail!
Good points well made. They know it’s a cut but think we’re too stupid to see what’s obvious.