Posted on 10/24/2016 9:06:21 AM PDT by Lorianne
On October 18, the Social Security Administration announced their plans for the 2017 Cost of Living Adjustment, which it applies to beneficiaries’ monthly checks each year to offset rising inflation. However, the news isn’t making anybody happy.
Beneficiaries will receive a measly 0.3% increase to their benefits, which translates to about $5 a month.
Not only does the tiny increase do nothing to help beneficiaries keep pace with price increases, but it’s coming in tandem with a major spike in Medicare premiums set to happen early next year.
All things considered, it’s becoming apparent that Americans can no longer rely on Social Security to provide them with a stable or comfortable retirement. The entire system is headed for disaster, and this news is just the beginning.
(Excerpt) Read more at birchgold.com ...
The elite are fine with it.
wow! count on the media to be all over this 2 weeks before an election
I seriously suggest that everybody ignore any questions or discussion of Social Security. His trotted out every election to beat up on conservatives and Republicans. There is no upside to discussing it. It is what it is. It is not a factor in this election nor is it one in most elections.
They’ll implement a Tobin Tax and eliminate the earnings cap. Shovel more tax money into it. It’s the only solution that is politically possible.
50 yr old “news”.
LOL. SS was never designed to give people a stable/comfortable retirement.
As long as they have billions.
Hey, don’t worry. Donald Trump is squarely to the left of Hillary on Social Security. He has immunized himself. He wants to expand it. He will pay for this with pixie dust. And he will anathematize regular Republicans who still talk about entitlement reform.
Also you need a minimum.
Of course, the last time there was a decent raise...I got $16 a month...and the Medicare Part B increase took $15 of it. Obviously...another flaw.
I got in just in time. My medicare starts this Nov 1. I was going to delay social security until a friend told me that if you take medicare without social security, your medicare payments can be raised. He found out the hard way. He signed up for medicare w/o soc security and then his medicare payment was going to be raised 50%. There was a huge outcry and Congress raised it only 16% that year (whereas if you also had SS, your medicare wasn’t raised).
This is because they are adding illegals to it at an astronomic rate and letting just about anyone claim disability.
“All things considered, it’s becoming apparent that Americans can no longer rely on Social Security to provide them with a stable or comfortable retirement.”
Stupid Americans thinking that Socialist Insecurity was to be their sole retirement nest egg are getting what they deserve.
Anyone who ever did rely on SS was a damn fool. And the people who invented it, foisted it of on us, and lied about it were (and are) evil. In some ways, Franklin Roosevelt was worse than 0bama. Franklin Roosevelt made 0bama possible.
It was designed to make people poor, angry, frustrated, and utterly dependent upon an insatiably power-hungry government.
A zero (essentially) increase, while COL goes up 3% is a 3% decrease.
The COL for medical care, a huge component of expense for recipients, is up way more than 3%.
It’s a tax on the middle class.
It’s punishing the savers and achievers, in many cases.
It’s to be expected.
Don't buy the big lie (politicians lie BIGLY!), they can pay us back what they stole and enhance freedom at the same time.
Would you rather have Hillary "fix" it?
You are right, Buckeye. But such a tax will by the Ponzi scheme exactly what? Another 2-3 years?
The coming disaster has several factors. The Social Security software must be as defective as the IRS and ACA software.
I’m almost 73. My wife and I repeatedly get letters from SSA that contradict previous letters SSA sent. They do not have an accurate record of money withheld from my paychecks over the years. They do not have an accurate record of what I am or am not owed, or what I have been paid.
I haven’t responded to any of the letters (yet). I’d probably be wasting my time trying to educate them.
Yeah I’ll be rich...
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