Posted on 04/08/2010 11:50:12 PM PDT by T.L.Sink
For the first time in 35 years the 57 million Americans who were forced to contribute to SS by compulsory wage withholdings will receive no cost of living increase. In other words, a pay CUT. Obama has put the United States into fiscal insolvency with record national deficits and a national debt that is in the high trillions. The next couple generations are already in hock and will be lucky if they can even fund the INTEREST on this out-of-control debt. It's ironic that he helped to hasten the bankruptcy of one entitlement, Social Security, by creating another massive unfunded liability, the socialist health care entitlement. But, as Margaret Thatcher once said, "Socialism always fails because it eventually runs out of other people's money." We're there now.
(Excerpt) Read more at dlplaw.com ...
I see obama’s plan of killing our elderly is moving right along. (I couldn’t resist turning on of their favorite phrases back on them.)
My lump sum payout at age 65 would have been $ 3,300,000, instead, since my money was confiscated, I now receive the grand amount of about $2K per month.
What a deal.
Yes, but the "takers" got a great deal! You probably provided 50 or more 'families' with beer, junk food, and rent for life.
The list, ping
The “old farts” voted against Obama, it was the young that put him into office.
...and Congress voted themselves a raise.
hahhaa....lol with inflation going up! Obama care is everything i thought it would be...no money for heat in the winter...but we can live in grass huts in the summer
Remember when George Bush attempted to reform SS and the libs all screamed that grandma would be eating dog food? Well, after 15 months of Obama grandma is now looking for those Alpo coupons!
Exactly. It’s the sort of fiscal legerdemain that would have put a private businessman in prison.
Definitely. We’ve all learned that compassion and any concern for individual citizens is just a campaign slogan for him on his journey to socialism. Can you imagine a CEO running one company into Chapter 11 bankruptcy and at the very same time creating another scam corporation that will run up even higher deficits?
Good post and good information!
Congress did not vote to disallow COLA increases. They are determined by a fixed formula, not year-by-year votes in Congress.
The AARP is just a front organization and lobbyist for any socialist political spin that comes out. They should have stuck to hotel discounts and coupons for seniors.
I think it’s simply because the Obama administration has one agenda: Big Government. That’s why the billions that were supposed to go for “shovel ready” jobs (remember that crap?) in fact only went to create more federal and state government jobs. I won’t even get into the vast sums that were pissed away on graft and corruption.
Here in FL, where we have an abundance of “old farts,” there is tremendous opposition to ObamaCare. FL has a Republican governor, one U.S. senator, and both houses of the legislature. AND, all polls indicate that anti-Obama sentiment among seniors is off the charts. Go Rubio!
Go Rubio!
Hmmmmmmmmm — scratching head here — didn’t the dims all say the GOP will take away or cut your SS????
Right! See my post #28. Regards,
His relatives in Kenya can tell us how to build those grass huts!
True, but then why did congress and the administration “deem” no COLA for at least three years when they have absolutely no idea what inflation will be in 2010 or 2011?
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