“You can’t get smaller than “0”. Thats what seniors got for 2 years in a row. This year we got 1.7%. After they took out the Medicare B increase...I will get $11 a month increase.
That’s all right.
Now this is the system that I personally paid into for over 50 years. What a scam. And it’s going to be even worse for my kids.”
1.7% just who the hell calculated the cost of living increase to be that paltry amount? Gas, food, energy, clothing, INSURANCE.... just name me any of those which only increased 1/7% over the last 2 years.
I know Carter set forth a policy to significantly manipulate the Cost Of Living Increase to a much lower value compared to reality and to my knowledge no president after him has attempted to make the number a realistic reflection of inflation.
So to sum it up, we are seeing an increase much lower than inflation, paid with worthless dollars completely eroded by inflation and a Treasury attempting to print its way out of bankruptcy.
Changes to inflation and unemployment statistics, without exception over the past forty years, always work to make the numbers look a little better.