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Title: No Cost of Living Raise For Social Security
Source:
nyp
URL Source: http://www.nypost.com/p/news/nation ... ocial_MUCVCxHuFw9b70Wjq6kJhK/0
Published: Oct 11, 2010
Author: staff writer
Post Date: 2010-10-11 08:22:10 by Murron
Keywords: None
Views: 13395
Comments: 28
No Cost of Living Raise For Social Security 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 Security Administration and now a resident scholar at the American Enterprise Institute. "It's not the congressional Democrats' fault, but that's the way politics works," Biggs said. "A lot of people will feel hostile about it." The cost-of-living adjustments, or COLAs, are automatically set each year by an inflation measure that was adopted by Congress back in the 1970s. Based on inflation so far this year, the trustees who oversee Social Security project there will be no COLA for 2011. The projection will be made official on Friday, when the Bureau of Labor Statistics releases inflation estimates for September. The timing couldn't be worse for Democrats as they approach an election in which they are in danger of losing their House majority, and possibly their Senate majority as well. This past Friday, the same bureau delivered another painful blow to Democrats: The U.S. lost 95,000 jobs in September and unemployment remained stubbornly stuck at 9.6 percent. Democrats have been working hard to make Social Security an election-year issue, running political ads and holding press conferences to accuse Republicans of plotting to privatize the national retirement program. This week's announcement about Social Security benefits raises more immediate concerns for older Americans whose savings and home values still haven't recovered from the financial collapse: Many haven't had a raise since January 2009, and they won't be getting one until at least January 2012. "While people aren't getting COLAs they certainly feel like they're falling further and further behind, particularly in this economy," said David Certner, AARP's legislative policy director. "People are very reliant on Social Security as a major portion of their income and, quite frankly, they have counted on the COLA over the years." Social Security was the primary source of income for 64 percent of retirees who got benefits in 2008, according to the Social Security Administration. A third relied on Social Security for at least 90 percent of their income.
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#1. To: Murron (#0)
Just in time to piss off the most likely to vote demographic. Seniors.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Social Security was the primary source of income for 64 percent of retirees who got benefits in 2008, according to the Social Security Administration. A third relied on Social Security for at least 90 percent of their income. Where is a lot of our money going? Just in California alone: CALIFORNIA CRISIS ON HORIZON - 5 September, 2010. County official warns of "economic catastrophe." Welfare payments to illegal parents of anchor babies in L.A. County increased to $52M per month. Other services attributed to illegals increased to $1.6 billion. Click Here Illegal immigrants again in the budget spotlight in California July 10, 2009 As California lawmakers struggle with a budget gap that has now grown to $26.3 billion, one of the hottest topics for many taxpayers is the cost to the state of illegal immigrants, write Anna Gorman and Teresa Watanabe. Below is a ticker tape that keeps count, the numbers are constant. You can look at it yourself HERE Money Wired to Mexico Since Jan. 2006 ---$39,830,850,500 (rising every few seconds) Money Wired to Latin America Since 2001---321,982,650,558 (rising) Cost of Social Services Since 1996--- $397,475,996,50---(rising) Cost of Incarcerations since 2008---29,45,6600942---rising....
"I really wanna care. I wanna feel somethin'. Let me dig a little deeper:. No, My give-a-damn's busted"~ Messina Jo Dee
Exchept its the Repugs doing all the talking about raising the age cap for S.S., or privatizing it. The COLA is something built into the system as per laws and regulation of Social Security, and has been around longer then the Obama Adminstration. IT is one of the reasons Obama should be given a second term, to protect S.S. from the whores who serve large multi-national corporations; the Repugs.
Guess you haven't seen the billions made by the likes of Goldman Sach's since the bailouts, huh? (just one example of hundreds, btw) We should have privatized SS two decades ago. If for no other reason than congress wouldn't be able to raid it every year to finance bullshit we cannot afford, and don't need. JMHO. Third, if you think not providing a cost of living increase to the seniors, less than a month before the election, won't hurt the Democrats who are in total control of all three branches of the Federal Government, you are sadly mistaken.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Seniors should be aware that voting for the GOP means ending medicare and social security. Every senior should understand that if the GOP gets its wish, medicare will be replaced with a voucher system that 80 and 90 years olds can use to shop on their own for private insurance.
(eyes rolling) Goodmorning Congressman Grayson. You forgot to mention the Republican Plan to confiscate all new borns, and use them to make cookies for seniors....
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
The COLA is triggered by inflation, Badeye. Obama has nothing to do with the mechanisms of Social Security law. And what is hurting Democrats most is the dumping of cash into the mix by foreigners and corporations empowered and emboldened by the SCOTUS' foolish gutting of election financing laws this last year. Most seniors I speak to are way more aware of statements by the Rand Pauls of the world talking about upping the retirement age then the COLA mechanism most well know this Administration has no control over.
While thats true, the fact remains seniors aren't going to be happy about this, they are already pissed off with Owe-bama and company, and are going to give voice to that displeasure in 22 days.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
We will see how the mid term elections turn out. My view of it is quite different then yours' in that because of voter apathy, the party in office generally loses in the off year election years anyway. And I support President Obama taking the money machine that has ripped into high gear with much of the campaign funds going to GOPer candidates coming from un-named and unknown sources thanks to a bad ruling by the SCOTUS. In any event, Obama is merely better then the alternative the last election and the only thing that can fix they system is deep systemic changes. So I really don't worry about this latest showing things are broken in as much as I knew this already. This is only the first two years of what will be an eight year occupancy by the Obama Administration, so let's see if he can turn lemons to lemonade with a strong GOPer showing as Clinton was able to largely do when similar election results occurred on his watch. This is an interesting plot twist, but there is no point to a final judgment until this administration has run it's course in 2016.
Yep...22 days. And actually, in this century, that well worn vieiwpoint about mid terms has yet to hold true.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Do you mean the GOP actually gained seats in 2006? LOLOL
No, ming. Sheesh, you really can't follow a conversation. I'll type...s...l...o...w...e...r just for you! First term, mid terms. 2006 was a 'second' (2nd) term, mid term. So far in THIS CENTURY, its a trend that first term, MID TERMS go to the seated President. That would be 2002 for those of you 'keeping score at home'.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Sharon Angle: Why are Republicans so afraid of standing up for what they believe in ?
That's a trend based on "one" example. Chuckle. Don't you agree that Reagan was repudiated by the country when his party lost 27 seats in 1982?
2002 was an anomally caused by the artificially induced 911. The trend reestablished itself in 2006. Changing your criteria doesn't change a thing either. Your just spinning again.
If you wired a talking parrot to torture it by periodically frying it's balls with current, you would get more sense out of it then is possible with that guy. Reality ain't his friend, or even close associate.
Nobody is 'afraid' right now on the Right, GO65. As you'll see in 22 days.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
So far in THIS CENTURY, its a trend that first term, MID TERMS go to the seated President. That's a trend based on "one" example. Chuckle. Its a new century. Thats why Democrats are going to lose both the House and the Senate. They've promoted 1960's era 'great society' nonsense again. 22 days...
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
So far in THIS CENTURY, its a trend that first term, MID TERMS go to the seated President. 2002 was an anomally caused by the artificially induced 911. The trend reestablished itself in 2006. You really aren't very bright, are you? What part of '2006, SECOND TERM' confused you? rotfl. 1st rule of holes, mingster. Learn it, live it.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
The last major expansion of Medicare, part of the great society, happened when Republicans had control of the Senate, House, and White House.
So why won't GOPers across the board clearly state that a vote for them is a vote for dismantling social security and medicare? Are you suggesting that it isn't?
Yep, and we on the Right fired their asses for it. But today, Owe-bama and company are trying to revive the discredited LBJ viewpoint, which is why in 22 days, its 'former' Speaker Pelosi, and 'former' Senate Majority Leader Reid. 22 days...
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Congressman Grayson! So glad you could join us! (laughing) 22 days...
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
And hired Democrats. Do you even try and make sense any more?
Inauguration isn't until January, but don't let facts get in the way of your giddiness over Speaker Boehner and Majority Leader McConnell, both of whom voted for the biggest expansion of the Great Society ever. Good luck with that logic.
Good luck with that logic. The larger the proportion of lame ducks in congress the more mischef they can create without repercussion.
Yep, and we on the Right fired their asses for it. And hired Democrats. Do you even try and make sense any more? It makes perfect sense to anyone that doesn't put party before country. You fire employees that under perform. And now, we're about to fire employees that not only under performed, but refused to LISTEN. Do you even try to make sense, ever? Nope. With you its 'My Democratic Party, Right or Wrong'. One of us actually decides each election who to support, based on the available data. The other one is 'you' GO65.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
But today, Owe-bama and company are trying to revive the discredited LBJ viewpoint, which is why in 22 days, its 'former' Speaker Pelosi, and 'former' Senate Majority Leader Reid. Inauguration isn't until January, but don't let facts get in the way of your giddiness over Speaker Boehner and Majority Leader McConnell, both of whom voted for the biggest expansion of the Great Society ever. Goodmoring Congressman Grayson! Let me know when you get around to reality as it relates to my view of McConnell. I know...its only been stated over 100 times in the forum, and a dozen or more times directly too you...but as we know, Congressman Grayson, you prefer making shit up than dealing with fact. Always good to see you in the forum, Congressman.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
#2. To: All (#0)
"While people aren't getting COLAs they certainly feel like they're falling further and further behind, particularly in this economy," said David Certner, AARP's legislative policy director. "People are very reliant on Social Security as a major portion of their income and, quite frankly, they have counted on the COLA over the years."
#3. To: Badeye (#1)
Les personnes faibles ne peuvent être sincères.
#4. To: Ferret Mike (#3)
IT is one of the reasons Obama should be given a second term, to protect S.S. from the whores who serve large multi-national corporations; the Repugs.
#5. To: Badeye (#4)
We should have privatized SS two decades ago. If for no other reason than congress wouldn't be able to raid it every year to finance bullshit we cannot afford, and don't need. JMHO.
Reality check - Government spending is down, the deficit is down, government employment is down, and private hiring is up.
#6. To: go65 (#5)
Seniors should be aware that voting for the GOP means ending medicare and social security
#7. To: Badeye (#4)
Les personnes faibles ne peuvent être sincères.
#8. To: Ferret Mike (#7)
Obama has nothing to do with the mechanisms of Social Security law.
#9. To: Badeye (#8)
Les personnes faibles ne peuvent être sincères.
#10. To: Ferret Mike (#9)
We will see how the mid term elections turn out. My view of it is quite different then yours' in that because of voter apathy, the party in office generally loses in the off year election years anyway.
#11. To: Badeye (#10)
And actually, in this century, that well worn vieiwpoint about mid terms has yet to hold true.
#12. To: mininggold (#11)
And actually, in this century, that well worn vieiwpoint about mid terms has yet to hold true. Do you mean the GOP actually gained seats in 2006? LOLOL
#13. To: Badeye (#6)
(Edited)
Goodmorning Congressman Grayson. You forgot to mention the Republican Plan to confiscate all new borns, and use them to make cookies for seniors....
"The idea of privatizing and getting out of Medicare and Social Security is not up for grabs."
Reality check - Government spending is down, the deficit is down, government employment is down, and private hiring is up.
#14. To: Badeye (#12)
So far in THIS CENTURY, its a trend that first term, MID TERMS go to the seated President.
Reality check - Government spending is down, the deficit is down, government employment is down, and private hiring is up.
#15. To: Badeye (#12)
So far in THIS CENTURY, its a trend that first term, MID TERMS go to the seated President.
#16. To: mininggold (#15)
Les personnes faibles ne peuvent être sincères.
#17. To: go65 (#13)
#18. To: go65 (#14)
#19. To: mininggold (#15)
#20. To: Badeye (#18)
They've promoted 1960's era 'great society' nonsense again.
Reality check - Government spending is down, the deficit is down, government employment is down, and private hiring is up.
#21. To: Badeye (#17)
Nobody is 'afraid' right now on the Right, GO65.
Reality check - Government spending is down, the deficit is down, government employment is down, and private hiring is up.
#22. To: go65 (#20)
The last major expansion of Medicare, part of the great society, happened when Republicans had control of the Senate, House, and White House.
#23. To: go65 (#21)
#24. To: Badeye (#22)
Yep, and we on the Right fired their asses for it.
Reality check - Government spending is down, the deficit is down, government employment is down, and private hiring is up.
#25. To: Badeye (#22)
But today, Owe-bama and company are trying to revive the discredited LBJ viewpoint, which is why in 22 days, its 'former' Speaker Pelosi, and 'former' Senate Majority Leader Reid.
Reality check - Government spending is down, the deficit is down, government employment is down, and private hiring is up.
#26. To: go65 (#25)
Inauguration isn't until January, but don't let facts get in the way of your giddiness over Speaker Boehner and Majority Leader McConnell, both of whom voted for the biggest expansion of the Great Society ever.
#27. To: go65 (#24)
#28. To: go65 (#25)
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