Posted on 10/27/2022 9:39:52 AM PDT by SeekAndFind
It is no where near enough Biden! Your war on people aka, war on energy destroyed poor seniors finances. Their only income is SS. That measly 8.7% increase does NOT cover the increase in fuel and food that your war on energy caused. Only the demented will vote Democrat.
COLA increases for Social Security are statute. Biden had nothing to do with it other than cause the massive inflation that triggered the rise. In reality, MORE than 8.7% buying power has been lost.
An insignificant “bump” that is more like a mosquito bite...
As usual, for the past many years, the “bump” will be matched by increased Medicare and BCBS costs...
Never has failed!
The government has been totally dishonest about inflation, unemployment, and GDP growth for probably 30 to 40 years. They constantly change the definitions and methods of measure to make them look better (as well as governors changing their voting rules in contravention of State constitutions). If corporations pulled the accounting shenanigans that the government does, our jails would be FULL of C-level executives. But nobody in government goes to jail for these outrageous falsehoods.
OK, so the price of a left-handed verbelfester wrench only went up 5%. That really comforts me knowing we can safely ignore the cost of necessities.
Next they’ll be telling us our chocolate rations are being increased from 5oz. to 4 oz!
I read elsewhere that SNAP users are getting a 14% increase in their benefits. These are people who have most likely never been producers, or are illegals that we’re all supporting.
So, thanks, Brandon! *Rolleyes*
“Bingo! Inflation out of control, life savings decimated and they throw us a no-meat bone on an SS increase that’s WAY below inflation.”
How does giving old people more money help lower the inflation rate?
Answer: It doesn’t, it helps feed the inflationary cycle.
Hey, I’m 71 years young. I’ll take the money and run!
This increase will just make the drive to the poorhouse slower for us.
...actually after last year’s 14% jump in Part B premium and annual deductible, they are DROPPING the Part B to $165 from $170 and the deductible from $233 to 226 in 2023 due to an overestimate of the cost of an alzheimers drug... but with the embedded inflation thanks to Brandon, both costs (I predict) will be up again for ‘24 ...ymmv
If you exist in the make-believe world of the Democrats, then perhaps your observations will be just what the MSM and Democrats are telling you.
The poster said "my real-world observations ... 20% to 30% ...
My real-world observations are going to be different, dependent on the inflation in products that I happen to purchase.
If I purchased only gas, utility services, and food, my real-world inflation is well over 100% for the past year.
Check gas and diesel price increases. Somebody is raising their prices to cover this.
8.7% is also the COLA increase for VA disability payments, which many on FR receive.
There you go again, meadsjn, thinking that people need to purchase bare necessities at a 100% price jump! (i hope you know that’s kidding around — I’m sure you get it.)
Yesterday I received some fast food coupons in the mail. I compared it to the coupons from last month.
They put out a standard coupon sheet. It looks exactly the same each and every month. Deals are the same, only the prices are different.
The $6.99 meal was now $7.99 (+14%). The $5.49 meal was now $6.69 (+21%).
The $10.99 deal was now $12.99 (+18%).
These were the coupon prices. Just imagine the “normal” prices posted on the menu board.
“’raise rates until they cause a recession.’
Unfortunately, that is the ONLY cure for inflation.
Spending $1 trillion per month we don’t have on top of a $30 trillion national debt won’t fix it. That’s throwing gasoline on the fire.”
Thomas Sargent wrote an interesting article studying the end of four inflations after World War I in Austria, Hungary, Germany, and Czechoslovakia. In each case, a return to sane fiscal policy (near balanced budgets), coupled with a pledge by the central bank not to finance new government spending by purchasing government debt enabled prices to stabilize abruptly even though the amount of money in circulation continued to rise.
https://www.nber.org/system/files/chapters/c11452/c11452.pdf
But, of course!
Anything we Retirees need to buy will be 17.4% more expensive from here on out.
At a MINIMUM!
Gasoline.
Food.
Canned Dog Food. (For when things REALLY get tough!)
Heating Fuel.
Electricity.
Medications.
The deck is stacked against everyone. Mother Government is one evil beotch.
Medicare rates are going down next year, look it up
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