Posted on 11/08/2022 9:25:51 AM PST by John Semmens
This week, the White House touted the anticipated January boost in Social Security payments--the biggest in the past ten years--as being due to President Biden's leadership. CNN's fact-checker Daniel Dale pointed out that "the size of Social Security checks is linked, by law, to inflation. This year's increase is unusually big because the inflation rate is unusually big."
Press Secretary Karine Jean-Pierre insisted that "contentions that legislation granting automatic benefit adjustments based on the Consumer Price Index that was signed into by former President Richard Nixon in 1972 should not get all the credit. It was the Inflation Reduction Act championed by the President and enacted by Congress that accelerated the rate of inflation that was primarily responsible for the size of the increase in Social Security checks that retirees will begin getting next year."
House Minority Leader Kevin McCarthy (R-Calif) called the Democrats' achievement "a hollow triumph. The inflation in food and energy prices--two critical necessities--has been higher than the Consumer Price Index increase upon which Social Security checks are based. Perhaps the President's suggestion that consumers can switch to off-brand bran flakes will moderate some of the food price increases, but how will they cope with heating bills that are projected to rise by 28% for natural gas and 27% for oil? Should voters really reward Democrats for engineering such a calamity?"
Meanwhile, in a less publicized government program probing human population reduction options, the National Institutes of Health (NIH) lab in Bethesda, Maryland is performing research that would create a more deadly strain of the monkeypox virus. The project is aiming for a lab-generated virus that is 1,000 times more lethal than the strain currently circulating in humans. Dr. Richard Ebright, a molecular biology expert at Rutgers University, called this research "unacceptably risky and likely to result in the spread of this disease beyond the current at-risk populations to the general population."
If you missed any of the other Semi-News/Semi-Satire posts you can find them at...
https://www.gopbriefingroom.com/index.php/topic,484149.0.html
Well, he’s right. The SS increase is linked to his crappy inflationary economy.
Sure, why not? The Federal Budget Deficit in ~1970 was around $300 million. Over the time Bandon was in Congress, he’s multiplied it by a factor of 100,000x to $30 trillion; well done, well done!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.