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Social Security Benefits to Go up by 1.7 Percent
abcnews ^ | Oct 22, 2014 | STEPHEN OHLEMACHER

Posted on 10/22/2014 8:18:18 AM PDT by Brother Cracker

Millions of older Americans who rely on federal benefits will get a 1.7 percent increase in their monthly payments next year, the government announced Wednesday.

It's the third year in a row the increase will be less than 2 percent.

The annual cost-of-living adjustment, or COLA, affects payments to more than 70 million Social Security recipients, disabled veterans and federal retirees.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: socialsecurity
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To: Steve_Seattle

Then the basics; eggs, milk, beef, etc. - all the daily items are going up at rates higher than claimed inflation rates. They can claim “on average” but that means nothing to people struggling to get by, the increases in basic items is killer.

They’re liars.


41 posted on 10/22/2014 9:13:40 AM PDT by fuzzylogic (welfare state = sharing consequences of poor moral choices among everybody)
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To: fuzzylogic

They only claim certain things as a measure of inflation. It’s a rigged system. I believe they just changed their specs to make sure you will get less.


42 posted on 10/22/2014 9:24:03 AM PDT by Sacajaweau
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To: Brother Cracker

Yea, that will almost cover the increase in my Plan A/B, D and F


43 posted on 10/22/2014 9:26:25 AM PDT by svcw (Not 'hope and change' but 'dopes in chains')
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To: EDINVA
SS is calculated based on the average CPI in July, August and September. Gasoline, natural gas and food prices spiked in the third quarter of 2008 which resulted in a 5.8% COLA in 2009. Fuel prices dropped in the fall (I remember getting gas for $1.42 at Christmas that year). If the fourth quarter CPI was used then the SS COLA would have been about 2% for each of 2009-2011 instead of 5.8, 0 and 0 using third quarter data.
44 posted on 10/22/2014 9:31:33 AM PDT by KarlInOhio (The IRS: either criminally irresponsible in backup procedures or criminally responsible of coverup.)
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To: Iron Munro

What are the federal pensions paying these days?


45 posted on 10/22/2014 9:34:54 AM PDT by minnesota_bound
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To: Sacajaweau

What/whose plan do you have? That increase seems more than a little outrageous.


46 posted on 10/22/2014 9:35:54 AM PDT by EDINVA
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To: Grams A

Exactly! I have left the Republican party just because of Social Security and them wanting to “reform” it. NO! It’s self-supporting.......money paid in by workers all their working lives and it doesn’t need reforming. The goobers need to pay it back and leave it the hell alone!!!


47 posted on 10/22/2014 9:44:07 AM PDT by Dawgreg (Happiness is not having what you want, but wanting what you have.)
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To: svcw

Is your plan F the high deductible or the regular plan F? Have you looked at the plan N?


48 posted on 10/22/2014 9:55:22 AM PDT by Brother Cracker (You are more likely to find krugerrands in a Cracker Jack box than 22 ammo at Wal-Mart)
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To: fatnotlazy
And how much will Part A cost next year?

The government giveth and the government taketh away.

They are putting off announcing the increase in Part A till after the election so take a guess.

49 posted on 10/22/2014 10:15:08 AM PDT by TangoLimaSierra (To win the country back, we need to be as mean as the libs say we are.)
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To: Brother Cracker

Ground Beef is up 2.1% since last month. Now $4.10/lb


50 posted on 10/22/2014 10:44:29 AM PDT by DannyTN
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To: mylife
Federal benefits? It’s OUR CONFISCATED money.

FIFY.

51 posted on 10/22/2014 10:47:59 AM PDT by TADSLOS (The Event Horizon has come and gone. Buckle up and hang on.)
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To: C210N
Is this the typically time of year that this is announced?

Yes, just like the potholes in the streets suddenly get fixed.

52 posted on 10/22/2014 10:54:52 AM PDT by mabarker1 (congress, The Opposite of Progress.)
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To: DannyTN

http://www.bloomberg.com/news/2014-10-22/u-s-retail-food-energy-prices-by-product-for-sept-table-.html


53 posted on 10/22/2014 10:55:43 AM PDT by Brother Cracker (You are more likely to find krugerrands in a Cracker Jack box than 22 ammo at Wal-Mart)
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To: EDINVA
It was MVP...They went from $0 to $26 to $40 to $99.60 dollars...and that's without prescription coverage.

They're just forcing you to change plans. And this is all related to Obamacare.

The other plands might be a little cheaper....BUT...huge deductibles.

54 posted on 10/22/2014 11:07:08 AM PDT by Sacajaweau
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To: Grams A
Grams A said: "I paid into SS beginning in 1955 ..."

At any time during the intervening sixty years did you ever question whether such a contribution could reasonably generate value for you now, given how the government has been spending the money and promising even more?

If you had contributed this money to a known Ponzi scheme instead of to the government, how much would you be due?

The money you contributed has been SPENT; all of it. The only thing remaining is the "true faith and credit" of the United States. Is it not obvious that such faith is misplaced and that the U.S. will never be able to provide the expected value to future generations?

You should be prepared to be thankful if you receive anything at all and also be prepared to be condemned by future generations for having fallen for such a fraud.

You are no more justified in expecting payment than those future generations who we know will not be paid.

55 posted on 10/22/2014 11:17:40 AM PDT by William Tell
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To: Brother Cracker

as an ss recipient, I could simply say “good” but as someone informed on the ss finances I can also say: “the ‘extra’ money is coming from where???”


56 posted on 10/22/2014 11:30:28 AM PDT by Wuli
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To: Wuli

http://www.moneyfactory.gov/


57 posted on 10/22/2014 11:37:09 AM PDT by Brother Cracker (You are more likely to find krugerrands in a Cracker Jack box than 22 ammo at Wal-Mart)
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To: Brother Cracker

thanks for the chuckles


58 posted on 10/22/2014 11:49:28 AM PDT by Wuli
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To: William Tell

There’s no “contribution” to it. The money was SEIZED. Wage earners weren’t asked, nor given a choice.


59 posted on 10/22/2014 11:59:32 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: Starboard
"Try not to spend the “windfall” all at once. lol"

Won't even buy a 1/4 tank of gas these days.

60 posted on 10/22/2014 12:14:19 PM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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