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Social Security COLA and Impacts on Seniors (Oct 2010)
The Hill ^ | 10/20/10 | Rep. Phil Roe (R-Tenn.)

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 ...


TOPICS: Culture/Society
KEYWORDS:
The Obama administration refuses to give more the lip-service to the impending catastrophe of entitlement reform. Social Security and Medicare will be broke in the near future. Yet he and his minions in the Democratic Senate have bankrupted the nation with their trillions spent on failed stimulus programs and other socialist welfare programs. Let's be honest: Who is really advancing a political agenda on the backs of the poor and those struggling to survive on fixed incomes?
1 posted on 08/03/2011 5:21:17 PM PDT by T.L.Sink
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To: ExTexasRedhead

Why are we not surprised?


2 posted on 08/03/2011 5:22:35 PM PDT by T.L.Sink
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To: T.L.Sink

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 >


3 posted on 08/03/2011 5:24:46 PM PDT by Mr Rogers
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To: T.L.Sink

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.


4 posted on 08/03/2011 5:26:28 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: T.L.Sink

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.


5 posted on 08/03/2011 5:27:31 PM PDT by Parley Baer
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To: Parley Baer

To add to my above post, baseline budgeting makes sure the Federal government expenditures go up every year.


6 posted on 08/03/2011 5:28:47 PM PDT by Parley Baer
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To: T.L.Sink

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.


7 posted on 08/03/2011 5:29:06 PM PDT by Terabitten ("Don't retreat. RELOAD!!" -Sarah Palin)
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To: T.L.Sink

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.


8 posted on 08/03/2011 5:29:14 PM PDT by TribalPrincess2U (The democRATS—just doing the groundwork for al Qaeda?)
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To: T.L.Sink

If there is no SS Cola, is their SEIU COLA raises?


9 posted on 08/03/2011 5:30:02 PM PDT by bert (K.E. N.P. +12 ....Flash mobs are trickle down leftwing REDISTRIBUTION))
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To: Parley Baer
No COLA, although we know darn well the cost of living has gone up.

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.

10 posted on 08/03/2011 5:31:53 PM PDT by YankeeReb
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To: Terabitten

Sure. CPI-W isn’t based on real inflation anyway.


11 posted on 08/03/2011 5:32:50 PM PDT by mainevet (Get an M1911 or two or three or four)
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To: T.L.Sink
1) What do you think the media would be saying and writing if there was a Republican president>

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.

12 posted on 08/03/2011 5:32:52 PM PDT by SkyDancer (You know, they invented wheelbarrows to teach government employees how to walk on their hind legs.)
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To: T.L.Sink

Opps...

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.


13 posted on 08/03/2011 5:33:00 PM PDT by casinva (It was Obama who set the August 2 date to begin with. Since when did we start believing him?)
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To: T.L.Sink; Admin Moderator
How do expect to make a point by falsely dating an Oct. 10, 2010 article with today's date?
14 posted on 08/03/2011 5:34:14 PM PDT by drpix
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To: SkyDancer

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.


15 posted on 08/03/2011 5:36:40 PM PDT by mainevet (Get an M1911 or two or three or four)
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To: T.L.Sink

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.


16 posted on 08/03/2011 5:39:05 PM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
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To: T.L.Sink

.

Americans are losing their jobs and homes and seniors get no COLR but

Omuslim is supporting his muzzie bros:

BILLIONS FOR JIHAD!
Obama’s 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 Obey’s 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 Obama’s $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:
http://www.atr.org/days-thebr-largest-tax-hikes-history-a5370
PDF Version:
http://www.atr.org/files/files/090310pr-jan2011taxes.pdf
Obama gives your tax dollars to rebuild Muslim mosques around the world
http://canadafreepress.com/index.php/article/26990#
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.
http://exchanges.state.gov/media/pdfs/office-of-policy-and-evaluations/ambassadors-fund/afcp2010list.pdf

http://gbk.eads.usaidallnet.gov/
They should have 2010 up, but they don’t. That’s where you’ll find Obama’s largesse towards Muslim countries really go off the charts.
.
http://www.foreignassistance.gov/DataView.aspx

charts:

http://gbk.eads.usaidallnet.gov/data/fast-facts.html

.

_______________________

The Subway Sinatra:

http://www.insideedition.com/videos/1049/subway-sinatra-serenades-new-york-city-streets.aspx

Contruction worker who sings like Sinatra in NYC


17 posted on 08/03/2011 5:39:43 PM PDT by patriot08 (TEXAS GAL- born and bred and proud of it!)
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To: T.L.Sink
CORRECTION: I just noticed that you in fact omitted dating the article, leaving only the post date.

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?"

18 posted on 08/03/2011 5:40:31 PM PDT by drpix
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To: Terabitten

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!!!!


19 posted on 08/03/2011 5:43:39 PM PDT by TRAPPER2 ( God Bless Our Troops and God Bless America!! In God We Trust.)
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To: Terabitten
That is right, and this article is mis leading it will be the third consecutive year that SS recipients wont be getting any raise... Thank goodness for POTUS Bush, he gave the seniors a nice raise..and Obama has given no cost of living $250.00 lump sum once, even when POTUS Bush gave every one $300.00 Michelle obama complained it was not enough, all she could do with that was maybe buy a pair of earrings.... they got $600.00 for their two girls..
20 posted on 08/03/2011 5:45:02 PM PDT by JoanneSD (TEA PARTY VERSES TEE TIME)
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To: JoanneSD

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.


21 posted on 08/03/2011 5:50:13 PM PDT by Lucius Cornelius Sulla (Liberty and Union, Now and Forever, One and Inseparable -- Daniel Webster)
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To: mainevet

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?


22 posted on 08/03/2011 5:57:18 PM PDT by SkyDancer (You know, they invented wheelbarrows to teach government employees how to walk on their hind legs.)
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To: T.L.Sink

Always fill in the date field, especially when posting an old article.


23 posted on 08/03/2011 6:01:59 PM PDT by Admin Moderator
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To: T.L.Sink

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.


24 posted on 08/03/2011 6:07:00 PM PDT by halfright (My presidents picture is in the dictionary, next to the word, "rectum".)
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To: T.L.Sink
The Hill ^ | 10/20/10 | Rep. Phil Roe (R-Tenn.)

The only thing that I'm surprised about is that you are posting somthing that is nearly 10 months onld.

25 posted on 08/03/2011 6:09:04 PM PDT by lightman (Adjutorium nostrum (+) in nomine Domini)
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To: T.L.Sink
The Hill ^ | 10/20/10 | Rep. Phil Roe (R-Tenn.)

The only thing that I'm surprised about is that you are posting somthing nearly 10 months onld.

26 posted on 08/03/2011 6:09:23 PM PDT by lightman (Adjutorium nostrum (+) in nomine Domini)
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To: SkyDancer

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.

www.ssa.gov/oact/STATS/cpiw.html


27 posted on 08/03/2011 6:13:31 PM PDT by mainevet (Get an M1911 or two or three or four)
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To: Terry Mross
>>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.<<

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.

28 posted on 08/03/2011 6:17:06 PM PDT by B4Ranch (Allowing Islam into America is akin to injecting yourself with AIDS to prove how tolerant you are..)
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To: T.L.Sink
How does it feel to be screwed by your government constantly - SS recipients, soldiers,etc. The very 1st thing people should do is tell D.C. to take a flying f%$#. How many of us are going to see their house rep over this month - Those worthless establishment frauds that voted for the "set-up" budget bill.
29 posted on 08/03/2011 6:17:25 PM PDT by Digger (T)
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To: T.L.Sink
This is going to explode in a lot of faces.
Speaking for myself, I have no problem with no COLA increase two years running.

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.

30 posted on 08/03/2011 6:27:52 PM PDT by Publius6961 (My world was lovely, until it was taken over by parasites.)
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To: mainevet

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?


31 posted on 08/03/2011 6:43:37 PM PDT by SkyDancer (You know, they invented wheelbarrows to teach government employees how to walk on their hind legs.)
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To: T.L.Sink

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.


32 posted on 08/03/2011 7:01:43 PM PDT by OrioleFan (Republicans believe every day is the 4th of July, democrats believe every day is April 15.)
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To: T.L.Sink
O’Bumble's administration put a 3-year FREEZE - 2010-2012 - on Social Security.
NONE dare call is a CUT. It's only the Republicans that want to cut SS, haven't you heard?

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?

33 posted on 08/03/2011 8:29:47 PM PDT by maine-iac7 (I AM ISRAEL)
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To: Lucius Cornelius Sulla
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

Why 'certain"?

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.

34 posted on 08/03/2011 11:17:25 PM PDT by maine-iac7 (I AM ISRAEL)
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To: Parley Baer

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.


35 posted on 08/04/2011 7:36:40 AM PDT by T.L.Sink
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To: Terabitten

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.


36 posted on 08/04/2011 7:42:51 AM PDT by T.L.Sink
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To: TribalPrincess2U

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.


37 posted on 08/04/2011 7:51:34 AM PDT by T.L.Sink
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To: SkyDancer

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.


38 posted on 08/04/2011 8:09:33 AM PDT by T.L.Sink
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To: count-your-change

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!


39 posted on 08/04/2011 8:17:32 AM PDT by T.L.Sink
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To: maine-iac7

Good points well made. They know it’s a cut but think we’re too stupid to see what’s obvious.


40 posted on 08/04/2011 8:28:06 AM PDT by T.L.Sink
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