President Barack Obama called on Congress Wednesday to approve $250 payments to more than 50 million seniors to make up for no increase in Social Security next year. The Social Security Administration is scheduled to announce Thursday that there will be no cost of living increase next year. By law, increases are pegged to inflation, which has been negative this year.
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"I think it would be inappropriate," said Sen. Judd Gregg, R-N.H. "The reason we set up this process was to have the Social Security reimbursement reflect the cost of living."
Social Security payments increased by 5.8 percent in January, the largest increase since 1982. The big increase was largely because of a spike in energy costs in 2008.
Inflation has been negative this year largely because energy prices have fallen. Gasoline prices have dropped 30 percent over the past year while overall energy costs have dropped 23 percent, according to the Bureau of Labor Statistics.
Social Security payments, however, cannot go down. The average monthly Social Security payment for retirees is $1,160.
Werthless wrote:We're going to pay seniors for not getting COLA adjustments? I'm not sure I understand the reasoning here.President Barack Obama called on Congress Wednesday to approve $250 payments to more than 50 million seniors to make up for no increase in Social Security next year. The Social Security Administration is scheduled to announce Thursday that there will be no cost of living increase next year. By law, increases are pegged to inflation, which has been negative this year.
...
"I think it would be inappropriate," said Sen. Judd Gregg, R-N.H. "The reason we set up this process was to have the Social Security reimbursement reflect the cost of living."
Social Security payments increased by 5.8 percent in January, the largest increase since 1982. The big increase was largely because of a spike in energy costs in 2008.
Inflation has been negative this year largely because energy prices have fallen. Gasoline prices have dropped 30 percent over the past year while overall energy costs have dropped 23 percent, according to the Bureau of Labor Statistics.
Social Security payments, however, cannot go down. The average monthly Social Security payment for retirees is $1,160.
They should be happy their wages aren't falling
Werthless wrote:Check out the title from the link, and compare it to the screenshot.
What up?
Woody wrote:http://dilbert.com/blog/entry/entertainers/
Woody wrote:Is there really that much difference between entertainers and politicians ?
CrashburnAlley wrote:Woody wrote:http://dilbert.com/blog/entry/entertainers/
That's not right. If Limbaugh was just an entertainer, why is he the de facto leader of the Republican Party? If FOX News is full of entertainers, why was it a mouthpiece for the Bush administration?
jerseyhoya wrote:CrashburnAlley wrote:Woody wrote:http://dilbert.com/blog/entry/entertainers/
That's not right. If Limbaugh was just an entertainer, why is he the de facto leader of the Republican Party? If FOX News is full of entertainers, why was it a mouthpiece for the Bush administration?
Because Rush isn't the de facto leader of the Republican Party?
jerseyhoya wrote:CrashburnAlley wrote:Woody wrote:http://dilbert.com/blog/entry/entertainers/
That's not right. If Limbaugh was just an entertainer, why is he the de facto leader of the Republican Party? If FOX News is full of entertainers, why was it a mouthpiece for the Bush administration?
Because Rush isn't the de facto leader of the Republican Party?
Werthless wrote:We're going to pay seniors for not getting COLA adjustments? I'm not sure I understand the reasoning here.President Barack Obama called on Congress Wednesday to approve $250 payments to more than 50 million seniors to make up for no increase in Social Security next year. The Social Security Administration is scheduled to announce Thursday that there will be no cost of living increase next year. By law, increases are pegged to inflation, which has been negative this year.
...
"I think it would be inappropriate," said Sen. Judd Gregg, R-N.H. "The reason we set up this process was to have the Social Security reimbursement reflect the cost of living."
Social Security payments increased by 5.8 percent in January, the largest increase since 1982. The big increase was largely because of a spike in energy costs in 2008.
Inflation has been negative this year largely because energy prices have fallen. Gasoline prices have dropped 30 percent over the past year while overall energy costs have dropped 23 percent, according to the Bureau of Labor Statistics.
Social Security payments, however, cannot go down. The average monthly Social Security payment for retirees is $1,160.
They should be happy their wages aren't falling