Free Republic

One of the biggest advantages of Social Security is that its payments get annual cost-of-living adjustments (COLAs). When inflation is high -- as seniors have seen during the past couple of years -- these COLAs cause monthly checks to rise the following January to help retiree purchasing power keep pace. 2022's COLA boosted benefits by 5.9% this year, and early estimates make it likely that the COLA that will take effect in early 2023 will be between 8% and 9%. What's even better news is that, unlike in 2022, many Social Security recipients are more likely to see the full...

WASHINGTON (AP) — There will be no benefit increase next year for millions of Social Security recipients, disabled veterans and federal retirees, the government said Thursday. It's just the third time in 40 years that payments will remain flat. All three times have come since 2010. And there's more bad news. The lack of a benefit increase means that many older people could face higher Medicare costs, an issue that has advocates lobbying Congress. The main reason for no increase next year is low gas prices. By law, the annual cost-of-living adjustment, or COLA, is based on a government measure...

This background article is part of a series on the Obama home at 5046 S. Greenwood establishing that three individuals other than Obama are listed in public records as owners and taxpayers on the property. The account of Obama's purchase of the home and property at 5046 S. Greenwood Ave. is drawn from Jerome R. Corsi's book "The Obama Nation: Leftist Politics and the Cult of Personality.". In the 2008 presidential campaign, now-convicted felon Tony Rezko's role in helping Barack and Michelle Obama purchase their dream home at 5046 S. Greenwood Ave. in Chicago's Hyde Park area created a scandal...

WASHINGTON — As if voters don't have enough to be angry about this election year, the government is expected to announce this week that more than 58 million Social Security recipients will go through another year without an increase in their monthly benefits. It would mark only the second year without an increase since automatic adjustments for inflation were adopted in 1975. The first year was this year. "If you're the ruling party, this is not the sort of thing you want to have happening two weeks before an election," said Andrew Biggs, a former deputy commissioner at the Social...

Workers in the federal government now earn, on average, double what private-sector workers make, according to a USA Today study released Aug. 10. "Federal civil servants earned average pay and benefits of $123,049 in 2009 while private workers made $61,051 in total compensation," the paper said. "Public employee unions say the compensation gap reflects the increasingly high level of skill and education required for most federal jobs and the government contracting out lower-paid jobs to the private sector in recent years." The report was based on numbers from the federal Bureau of Economic Analysis. The federal pay and benefits also...

As Social Security’s critics know, the government program is robed in myths, for example, that it is “insurance” financed with a “trust fund,” paying “guaranteed” benefits “as a matter of earned right.” These myths have given most Americans a mistaken understanding of Social Security. As a result, they perniciously affected policymaking in the past and severely constrain reform options today. Beginning in 1935, when Social Security was enacted, the program’s administrators made a huge effort to shape the public’s understanding of and beliefs about it. In speeches, articles, pamphlets, and other mass-circulation literature, they described Social Security as “insurance” under...