Posted on 09/11/2022 9:04:19 PM PDT by SeekAndFind
Last year my SS went up. So did my medicare payment.
Left with $8 WooHoo
You’re not going to accept your earned Social Security during Joe Biden’s presidential term? Of course, not everyone even needs to. The ideal is that one made enough money while fully employed so that a portfolio of savings could be accumulated.
That was my intention, but it wasn’t my result.
Just in time for mid-terms.
They are still not buying my vote.
Oh thank you Joe Biden!!! Thank you thank you thank you!!!! I’ll vote for you for sure now!! /s
Does that mean social security will go broke sooner?They'll have to get the money to rebuild the destruction caused by Putin in Ukraine from somewhere.
I’ll bet the essentially mandated Medicare charges wipe it out, again.
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The 5.9% rise wasn’t wiped out the last time unless your benefit was very low to begin with. The 5.9% rise was 5.9% of your gross benefit, while the percentage rise on your Medicare premium was based on your then existing Medicare premium, not the gross amount of your benefit.
I have read the Medicare premium will not increase next year because it’s was raised too high to cover some alshimer drug that decreased in price..
The 5.9% rise wasn’t wiped out the last time unless your benefit was very low to begin with. The 5.9% rise was 5.9% of your gross benefit, while the percentage rise on your Medicare premium was based on your then existing Medicare premium, not the gross amount of your benefit.
They should do that.
Congress always gets massive raises.
They WON’T share that with us peons/plebs.
It would really help if their calculated COLA reflected reality.
They aren't doing anything but protecting themselves with a bigger slice off the top of every deal. Higher interest rates will make housing prices drop, but the payments will go up. It is a net loss for anyone who needs to sell a house and move someplace else.
The most direct way to "attack inflation" would be to end the student loan program entirely and immediately. It is a totally unproductive expense financed by "printed money". Make all those loans dischargeable in ordinary bankruptcy - like they used to be. And make those discharges exempt from income tax liabilities. Free the (debt) slaves!
Get the students out of "higher education" and make them get real jobs.
You want to see "asset deflation", watch 60% of our colleges and universities close (and they should close). Lots of cheap rental properties become available and rents go down.
Then dump the requirements for using ethanol in vehicles. Another useless expense that we cannot afford as "the chickens come home to roost". Hey, the chickens can eat corn. Or maybe people can eat corn.
Then dump all the subsidies for Electric Vehicles and "Green Energy Systems (Solar Power, Wind Power)". They don't work as reliable power sources to run civilization, since they require more energy to manufacture then they can produce over their lifespan. Nobody beats the laws of physics and thermodynamics.
Then start prosecuting Pharma and Healthcare executives for violations of antitrust laws and require transparency of all medical prices. No more special hidden deals where insurance companies pay out 3% of "list prices" and the uninsured pay exorbitant medical costs.
Best to stop with the "mandates" for COVID-19 mRNA treatment, deceptively called a "vaccine". It is neither safe, nor effective, but to date it has been forced on almost 260 million people in this country. About 14% of them are likely to suffer severe disabling effects over the next decade and as rudely as I can put it, there is a terrible economic cost ahead of us for all of that failed experiment. We have really screwed over the health of people in the 16-49-year age range, who are the most productive workers.
Getting out from inflation requires productive workers.
When you are in a hole, it is best to stop digging. Maybe if we stop pushing the "boosters", some of those patients vulnerable to the adverse effects can recover.
As you may have noticed, these things are not yet happening.
"But we are sick and tired of hearing your song
Telling how you are gonna change right from wrong
Cause if you really want to hear our views,
You haven't done nothing"
Stevie Wonder, 1974
https://youtu.be/QxrzT8WNxDc
What investments other than the stock market get 8% return?
Sometimes those raises get offset by increased medicare deductibles.
My date is March 18 2023 UNLESS THE STOCK MARKET CRASHES I told my boss. I will be just shy of working 50 straight years FT.
5.9% is $40-45 a week. Pittance
“Socking away $300 a month”
My first job was for $1.30 an hour gross & it was a very good rate of pay at the time.
Gross monthly pay ==$225.00.
No way to ‘sock away $300/mo’.
As a slice of the federal budget, Social Security going up
10.00%, is a terrible thing. It’s already forecast to be
on the rocks not long from now. Imagine if we had 10.00%
increases for 3-5 years in a row. Would that push SS over
the edge?
It’s not the only income I have, but it’s a big chunk of
it. If I were to have to get by on 0.75% or 0.50% of what
I have been receiving, it would severely impact my standard
of living.
This inflation that Biden has brought us, does not bode
well for anyone.
Not mentioned that I saw is the coming 14% increase in Medicare which will subtract the gain and a few dollars more, leaving SS recipients with LESS money monthly.
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