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No Social Security $$ increase until 2012; Obama double crosses his base, media smothers the story
The Collins Report ^
| August 21, 2009
| Kevin "Coach" Collins
Posted on 08/21/2009 6:07:46 AM PDT by jmaroneps37
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The next COLA raise comes just in time for 2012, how nice!
To: jmaroneps37
But you can bet on Medicare taking more from your social security check in 2010.
2
posted on
08/21/2009 6:09:13 AM PDT
by
Carley
(OBAMA IS A MALEVOLENT FORCE IN THE WORLD)
To: jmaroneps37
Many, many seniors are one issue voters—that issue being their Government benefits (SS, medicare, etc). You can bet all hell will break loose when they don’t see their checks increase in Jan. Personally, I don’t have much sympathy for them—at some point we will have to tell them NO!
3
posted on
08/21/2009 6:11:32 AM PDT
by
rbg81
(DRAIN THE SWAMP!!)
To: jmaroneps37
I’m confused. If we’re in a deflationary period, why should people expect a COLA hike in Social Security?
4
posted on
08/21/2009 6:11:54 AM PDT
by
randita
(Chains we can bereave in.)
To: jmaroneps37
Obamas base will suffer the most. While 80% of our big cities voted for Obama its apparent the elderly, both White and minority, will be asked to balance the budget by themselves. There might not be any inflation but the Consumer Price Index (CPI) has risen steadily since January, and people are living by the CPI not the rate of inflation. Numbers show ignoring the CPI will crush elderly and minorities This is EXACTLY what I predicted years ago - the government would start having COLAs fail to keep pace with the rate of inflation. It amounts to reverse compounding.
Since Social Security is underfunded, the Fedgov will use an unholy trinity to bring it in-line with receipts - understate the action rate of inflation, have COLAs fail to keep up with even that artificially-low inflation rate, and then will monetize fedgov debt, which will further fuel inflation.
5
posted on
08/21/2009 6:12:16 AM PDT
by
dirtboy
To: Carley
No food,No health care,your on your own Granny!
6
posted on
08/21/2009 6:12:22 AM PDT
by
Dr. Ursus
To: jmaroneps37
This is just a first step.
It’s fun to trash the Baraqqis here, but the reality is that almost all of the Wash DC crowd are guilty in the Social Sec scam.
The numbers don’t work folks, no matter what you read in the AARP magazine.........
To: jmaroneps37
I thought zero’s base was the union crowd with the minimum wage issue, not the SS issue.
8
posted on
08/21/2009 6:12:33 AM PDT
by
Sig Sauer P220
(Forget going Galt. Its time to go Braveheart.)
To: rbg81
True but obammy wants to turn old folks in to soilent green.
9
posted on
08/21/2009 6:12:49 AM PDT
by
Joe Boucher
(google; operation garden spot and REX84)
To: jmaroneps37
No increase in SS, but Congress gets a raise. How quaint.
10
posted on
08/21/2009 6:13:17 AM PDT
by
OCCASparky
(Steely-Eyed Killer of the Deep)
To: jmaroneps37
If the Republican party were to do this, the Dems would all shoud, “cuts, cuts.” Little, if any, media coverage on this at all.....
11
posted on
08/21/2009 6:14:22 AM PDT
by
choctaw man
(Good ole Andrew Jackson, or You're the Reason God Made Oklahoma...)
To: jmaroneps37
My parents are both notch babies (born between 1917 and 1923), both screwed by the last SS change and correction by Jimmy Carter.
They’re still waiting for congress to fix the problem. Congress is waiting for them to die.
12
posted on
08/21/2009 6:17:13 AM PDT
by
TC Rider
(The United States Constitution - 1791. All Rights Reserved.)
To: jmaroneps37
If this is true the old folks will riot.
13
posted on
08/21/2009 6:19:26 AM PDT
by
TSgt
(I long for Norman Rockwell's America.)
To: OCCASparky
WASHINGTON, Jan. 10 /PRNewswire-USNewswire/ — Members of Congress have
awarded themselves a 17 percent higher Cost of Living Adjustment (COLA) than
the nation’s 48 million elderly beneficiaries will receive in 2008.
14
posted on
08/21/2009 6:21:34 AM PDT
by
Recon Dad
( MARSOC DAD)
To: Joe Boucher
obammy wants to turn old folks in to soilent green.
And then he wants to confiscate their assets. He needs your parents $$ more than you do. In his mind, its a win-win.
15
posted on
08/21/2009 6:21:46 AM PDT
by
rbg81
(DRAIN THE SWAMP!!)
To: jmaroneps37
The combination of no raise and a rising CPI will actually kill some of themYep...if this don't get you the death panel will...
To: OCCASparky
Can’t wait to see AARP’s position on this. They can explain to their members why its good the Dems are screwing them out of their COLA. And all this time, the Conservatives were supposed to be the boogeymen....
17
posted on
08/21/2009 6:23:24 AM PDT
by
rbg81
(DRAIN THE SWAMP!!)
To: jmaroneps37
18
posted on
08/21/2009 6:23:48 AM PDT
by
mewzilla
(In politics the middle way is none at all. John Adams)
To: randita
Granted, but with that logic why should the congress get a automatic COLA increase?
19
posted on
08/21/2009 6:24:14 AM PDT
by
Recon Dad
( MARSOC DAD)
To: jmaroneps37
How about the automatic COLA for congress, will it go on thru? Bet it does.
20
posted on
08/21/2009 6:24:30 AM PDT
by
midwyf
(Wyoming Native. Environmentalism is a religion too.)
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