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Why has that COLA come about for next year? Oh yeah, Obama thinks he might need a few old folks votes and since he cut us out of 2 consecutive years of it he has to make an attempt to "buy" our votes. However, some people haven't noticed that that raise will about pay for the raise in Medicare payments we get next year. Good old political ploys never seem to stop.
COLA is determined by wage increases in clerical workers (don't blame me -- I didn't write the law or the formula). If the wages of clerical workers (and other urban workers) rise, you get an increase. If they don't, you don't. If they decrease, fortunately no action is taken (meaning you don't take a cut).
I don't do Medicare, but my understanding is that the Medicare Part B insurance premiums will increase by about the same amount or slightly more so that many will either effectively get no increase or lose money.
COLA is determined by wage increases in clerical workers (don't blame me -- I didn't write the law or the formula). If the wages of clerical workers (and other urban workers) rise, you get an increase. If they don't, you don't. If they decrease, fortunately no action is taken (meaning you don't take a cut).
I don't do Medicare, but my understanding is that the Medicare Part B insurance premiums will increase by about the same amount or slightly more so that many will either effectively get no increase or lose money.
Yep, that is just what has happened with Medicare and the money that they withhold from our SS check.
Obama allowed the GOP to cut the payroll tax which hurt the revenue tremendously.
As I predicted. Right wingers who hate the program are now using that shortfall to bad mouth the program.
There was always going to be a short fall. That was what the "Trust Fund" was for. Thanks to Obama and the GOP it came sooner.
If you want your full social social security benefits when you are older stop voting for spineless Democrats like Obama and NEVER EVER vote GOP.
I keep hearing that Obama and the GOP but don't know how those two got together and cut anything in the first two years of Obama. He had a Democrat controlled Congress (both houses) during that time and even now the Senate is his party. How can you say things like you said here about the GOP? Could it be because you don't really know so much as you think you do?
I keep hearing that Obama and the GOP but don't know how those two got together and cut anything in the first two years of Obama. He had a Democrat controlled Congress (both houses) during that time and even now the Senate is his party. How can you say things like you said here about the GOP? Could it be because you don't really know so much as you think you do?
Of course you don't know that cutting SS taxes was part of the negotiations with the GOP raise the debt cap. You don't pay attention.
Obama proposed cutting the payroll tax, not Republicans.
Twice.
There isn't a GOP candidate out there now that doesn't propose cutting and/or privatizing/cutting the Social Security program.
The GOP hates the program because it is successful.
The only faction in Congress that opposes cutting the program are liberal Democrats.
Are right wing lemmings too stupid to vote in their own family's best interest? ....They sure are.
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