Last year’s SSA COLA boost was a “generous” 8%+ and they sought to limit it going further. They didn’t have the money to pay for it then, and don’t now either.
Inflation was a bit worse last year, so the 8% came close to reality.
Something’s got to give. There is room for entitlement reductions via retirement age, some means testing, but the money to repay us for this ponzi scheme should and can come from a massive govt. reduction.
Actuarial tables from way back indicated we’d all be dead, gone, and not collecting SS checks by now.
It makes one wonder if gubmint didn’t mind COVID killing so many seniors.
THe Federal Govt.is about twice as big as it needs to be,that must be changed,it can not continue.