Anyone that thinks the cost of living did not go up this year should check my grocery bill..................
Anyone that thinks the cost of living did not go up this year should check my grocery bill..................
same here !!!! if your state didn't vote for Osama your sh** outta luck
The cost of living in the U.S. dropped in May for a second month, signaling the world’s largest economy is recovering without causing prices to flare.
Retailers such as Wal-Mart Stores Inc. are cutting prices to bolster sales as customers face almost 10 percent unemployment and rising foreclosures. The lack of inflation gives Federal Reserve policy makers scope to leave the benchmark interest rate near zero in coming months and help invigorate the economy.
“Companies right now really don’t have any pricing power,” said Russell Price, a senior economist at Ameriprise Financial Inc. in Detroit, who accurately forecast the drop in the consumer-price index. “It still provides the Federal Reserve a great deal of leeway.”
They announced there would be no increase for last year or this year in Oct 2009.............Don't make it up as you go Redress............I know it affects me and I keep up with it..........
do you support Osama's $1.3 Trillion Deficit ???
the math. a 1.3 trillion deficit. that sit ok with you???
Actually I sourced my claim, something you have singularly failed to do. Are you denying that the CPI has not increased in the last year? Are you denying that SS COLA is tied to CPI? DO you have any data that the CPI is wrong you can present? That is how we work around here, if you make claims, you are expected to be able to back them up with more than "because I said so".
also recognize that deficit is reduced $125 billion from the prior year
which indicates we are moving in the right direction
but your side wants to give billionaires tax breaks, and somehow expects that to happen without running a deficit, while also refusing to curtail military spending
misguided math illiterate neocons want to halve their cake and eat it, too
sourceIn the upcoming New York Times Magazine interview, Barack Obama has admitted that his policies are failures. More specifically, he has lamented his embarrassing failure surrounding his deficit-increasing stimulus, their shovel-ready projects, and the painfully insufficient amount of "tax cuts" that he included in Americans’ paychecks (so small, no one felt them). In the interview in New York Magazine, a liberal reporter spent an hour with Obama, talking to him about his first two years in office, and, unexpectedly, Obama sounded very introspective, defeated and full of regret. His self-defeating comments are good news for Republicans who instantly seized on choice quotes to release uncomplimentary press releases that pointed out Obama’s hypocrisy. At the same time, some Democrats were left feeling even more frustrated than ever, essentially complaining that Obama had made it even harder for them in the already adverse midterm election climate.
also recognize that deficit is reduced $125 billion from the prior year
which indicates we are moving in the right direction
but your side wants to give billionaires tax breaks, and somehow expects that to happen without running a deficit, while also refusing to curtail military spending
misguided math illiterate neocons want to halve their cake and eat it, too
Then show where they said it Navy.
Redress it was all over DP last year when they put out the word that the would be no raise in 2009 or 2010...............I bitched about it then and I am doing the same now.............I am fighting the good fight against liberalism on 3 or 4 threads and I don't have time to post something that has been posted a dozen times..........If you don't believe it then that is up to you........
So it should be easy for you to find. Let's see it.
Here is something to prove they cancelled and COLA raise way before the end of the FY which is 30 Sept.............
No raise for those on Social Security
Social Security trustees in May projected a zero increase for 2010 and 2011 because it appears unlikely that the cost of living will return to its July-August-September 2008 average for about two years.
For the first time since Congress approved automatic cost-of-living increases in Social Security benefits in 1973, the increase for 2010 will bezero. It might be zero for 2011, too.
Here is something to prove they cancelled and COLA raise way before the end of the FY which is 30 Sept.............
No raise for those on Social Security
Social Security trustees in May projected a zero increase for 2010 and 2011 because it appears unlikely that the cost of living will return to its July-August-September 2008 average for about two years.
Here is something to prove they cancelled and COLA raise way before the end of the FY which is 30 Sept.............
No raise for those on Social Security
Social Security trustees in May projected a zero increase for 2010 and 2011 because it appears unlikely that the cost of living will return to its July-August-September 2008 average for about two years.
Redress Maybe in your house the Cost of living has not gone up but it sure as hell has in the rest of ours........
The system is based upon actuarial fantasy. I'm looking at Tom's latest Social Security Account Statement. Here's the deal:
He and his employers have paid a total of $27,841 into the Social Security system.
At his age 66, he will begin to collect $2,020 per month. His life expectancy at age 66 is 12.8 years. http://www.cdc.gov/nchs/data/hus/hus08.pdf#026
Within 14 months he will have collected every nickle put into the system on his behalf.
If he lives the 12.8 years the averages predict, he will have collected $310,272.
Fund that on $27,841 in contributions!!!
I'm surprised no one commented on my post earlier. THIS is the problem with Social Security. Not that the government hasn't put the money in a so-called "Lock Box" or anything else.
A $28,000 annuity in the "real world" would purchase (at an investment rate of 10%!!) a monthly benefit of around THREE HUNDRED DOLLARS not the $2,020 benefit Tom will receive. See a problem? People on Social Security should be thanking their lucky stars, not complaining about no COLA.
No one "gets that?" Really?
I can't even believe this. Possible I'm doing something wrong?
you're forgetting the power ofthe entitement mentality.
I was not able to find your anecdote in the document you cite. Not sure how someone who only put $28K into the system gets $2k per month. But like a lot of stuff I see on this site it is more about gottya than facts.
So let's look at facts. I have not kept up with the rates but SSN costs the employee about 7.5-8% and the employer the same. Payment goes until about $110K. So in someone like my example the total paid to SSN would be about $17K annually. Now those numbers have gone up. So let's say someone who is about 65 would have paid into the system ( him and his employer) after having worked 40 years something like $250K. Also assume that during that period of time the money was invested in U.S. 10 year treasuries which have had an average rate of about 5%. This means that a dollar invested 14 years ago would have doubled.
So why should this not be considered an annuity? Sure lifespans have increased. So have payments into the system. This probably should be adjusted more frequently, but politicians are lousy pension managers. As many at the state and local level are finding out.
So it might be fun to point out an anomoly, but should nit be considered serious discourse.
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