But you can bet on Medicare taking more from your social security check in 2010.
Many, many seniors are one issue voters—that issue being their Government benefits (SS, medicare, etc). You can bet all hell will break loose when they don’t see their checks increase in Jan. Personally, I don’t have much sympathy for them—at some point we will have to tell them NO!
I’m confused. If we’re in a deflationary period, why should people expect a COLA hike in Social Security?
This is EXACTLY what I predicted years ago - the government would start having COLAs fail to keep pace with the rate of inflation. It amounts to reverse compounding.
Since Social Security is underfunded, the Fedgov will use an unholy trinity to bring it in-line with receipts - understate the action rate of inflation, have COLAs fail to keep up with even that artificially-low inflation rate, and then will monetize fedgov debt, which will further fuel inflation.
This is just a first step.
It’s fun to trash the Baraqqis here, but the reality is that almost all of the Wash DC crowd are guilty in the Social Sec scam.
The numbers don’t work folks, no matter what you read in the AARP magazine.........
I thought zero’s base was the union crowd with the minimum wage issue, not the SS issue.
No increase in SS, but Congress gets a raise. How quaint.
If the Republican party were to do this, the Dems would all shoud, “cuts, cuts.” Little, if any, media coverage on this at all.....
My parents are both notch babies (born between 1917 and 1923), both screwed by the last SS change and correction by Jimmy Carter.
They’re still waiting for congress to fix the problem. Congress is waiting for them to die.
Yep...if this don't get you the death panel will...
How about the automatic COLA for congress, will it go on thru? Bet it does.
To all the old a$$holes that keep voting Democrat because of Roosevelt and Kennedy, UP YOURS!!!
No healthcare and now no food! Enjoy!!!
I wonder when we’ll be treated to the images of seniors being forced to eat dog food because of Social Security “cuts”?
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.
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.
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
Congress just rubber stamps what the CPI-W formula produces. SS is on automatic pilot. This is not a conspiracy or politically controlled.