No increase to Social Security Benefits for 2011 (unofficial)

Calculated Risk ^ | 9-17-2010 | CalculatedRisk

[AU72]

So which party is throwing wheel-chaired granny down the stairs?

[Undocumented_capitalist]

Oh shit!

[Gator113]

Obama takes from the old people and gives to his reparations community.

Redistribution of wealth, that’s all.

Hope and change starves out the old folks.....

[poobear]

My parents draw more in SS than they ever earned in all their years working. Yes we were poor. But HOW could this EVER be sustainable!

[Dr. Sivana]

I actually think this is a good thing. A sizable increase during a period of stable cost of living will only be compounded for then ext 30 years, as benefits never go down.

[ansel12]

The old don’t vote Democrat.

[CodeToad]

“The old don’t vote Democrat.”

Beg to differ. They overwhelmingly vote Democrat.

[varina davis]

There goes the over-60 vote for sure

[ansel12]

“The old don’t vote Democrat.”

"Beg to differ. They overwhelmingly vote Democrat."

Of all age groups, the over 60s were the most Republican in 2008, the 45 to 59 year olds were next, below that it was all Obama.

[screaminsunshine]

They should just pay us old folks back up to what we put in and cancel this monster. If I had just got a savings bond for all the dough I paid in I would be flush now.

[calex59]

There is no way your parents make more on SS. Sorry, but that isn't how it works. A person's SS payments are tied to what you earn over the years and how many years you worked. You NEVER get more than you earned.

However, I do believe that SS should be, and should have been, phased out and privatized.

[metalcor]

I seem to recall that there was a similar circumstance in the Reagan presidency. His administration gave in and allowed an increase anyway, which disappointed me even then as a young man. It’s an election year. Get ready for the coming increase in benefits as long as T-bills will sell.

[ansel12]

If that post wasn’t clear, the old are more conservative than the young, and now days that is true to the hard extremes. The current under 30 crowd are far left and voted for Obama by an incredible, unheard of 66%.

[poobear]

You are dead wrong!

Dad made at the most in his lifetime one year $20,000 gross. Now with Mom and his combined SS they take in more that $24,000. She never worked. What!?

[GailA]

Which means that retired Military won’t get COLA raises either.

[BlackElk]

EZ enough for you to say!

[Terabitten]

My parents draw more in SS than they ever earned in all their years working. Yes we were poor. But HOW could this EVER be sustainable!

It balances out somewhat when you convert everything to constant dollars. IOW, your dad's $14k job in 1963 would actually be a $99k job in 2010.

[blueyon]

Nancy get a new office look, Obie get a new office look, Governmental departments are getting an increase, Senates are...All the folks who are not worth their weight in dung are getting increases....but the heck with the old people...No COL again

[poobear]

He never made $14,000 in 1963. Try $100 per week max “maybe”. Do the math. Has anyone here been poor or are you all just a bunch of college educated elitists that you constantly b@tch about? No, we never took charity either. We grew are own garden and gave food baskets to the even poorer blacks. Polk County Florida was a hell hole!