LET THE HOWLING BEGIN
Millions face shrinking Social Security payments - Yahoo! News
This is a sign of financial sanity for once, but I can't see congress ( dems or repubs) letting it stand. All it realy does is cement Obama's decline among seniors.
Replies
11
SoWal Insider
LET THE HOWLING BEGINwhat does obama have to do with ss colas?
Millions face shrinking Social Security payments - Yahoo! News
This is a sign of financial sanity for once, but I can't see congress ( dems or repubs) letting it stand. All it realy does is cement Obama's decline among seniors.
Beach Fanatic
Idlewind, there will be no howling. COLAs are a result of the cost of living index. As the article plainly states, there is no rise in inflation this year and none is expected next year. As a result there will be no increase in social security payments or military retirement pensions. Nothing sinister here it is merely due to our present economic situation. Also, no one will lose any of what they are already receiving because there is no such thing as a "negative" COLA.
Beach Fanatic
what does obama have to do with ss colas?
I hope nothing......King Midas he aint!
SoWal Expert
There will be howling because the media chose to falsely report and publicize the story in search of hits and ratings.
English 101 - something that has recently increased and cannot get smaller in the future is not "shrinking."
English 101 - something that has recently increased and cannot get smaller in the future is not "shrinking."
Beach Fanatic
There will be howling because the media chose to falsely report and publicize the story in search of hits and ratings.
English 101 - something that has recently increased and cannot get smaller in the future is not "shrinking."
You've just described what a democrat calls a budget 'cut'....
Banned
Idlewind, there will be no howling. COLAs are a result of the cost of living index. As the article plainly states, there is no rise in inflation this year and none is expected next year. As a result there will be no increase in social security payments or military retirement pensions. Nothing sinister here it is merely due to our present economic situation. Also, no one will lose any of what they are already receiving because there is no such thing as a "negative" COLA.
There will be howling because the media chose to falsely report and publicize the story in search of hits and ratings.
English 101 - something that has recently increased and cannot get smaller in the future is not "shrinking."
Hats off to you both, very well said.
SoWal Insider
Well, apparently some people's actual checks or deposit payments will go down slightly, and the reason is because their Medicare drug coverage premiums will go up slightly, and it is taken out of the Social Security payment.
(Ahem. Not Obama's fault either.)
It really stinks to be retired and living on a fixed income right about now.
(Ahem. Not Obama's fault either.)
It really stinks to be retired and living on a fixed income right about now.
Beach Fanatic
Well, apparently some people's actual checks or deposit payments will go down slightly, and the reason is because their Medicare drug coverage premiums will go up slightly, and it is taken out of the Social Security payment.I stand corrected. You are right about the slight decrease because Medicare coverage will increase. Sorry, I forgot about that.
(Ahem. Not Obama's fault either.)
It really stinks to be retired and living on a fixed income right about now.
SoWal Insider
I stand corrected. You are right about the slight decrease because Medicare coverage will increase. Sorry, I forgot about that.
You weren't wrong at all. It's just an accounting issue (and what ultimately caused the bleating headlines), but some people will probably be surprised when their check is a bit smaller. Hopefully the government actually does save some money by combining the two transactions into one. :roll:
Meow
truth or fiction spam email?
Social Security 2009
2010 is an election year for 1/3 of the senate and 1/2 of the house of
representatives. It would be nice if congress got the message; the voting
taxpayers are in charge now.
LET US SHOW OUR LEADERS IN WASHINGTON "PEOPLE POWER" AND THE POWER OF THE
INTERNET.
PLEASE FORWARD TO ALL OF YOUR FRIENDS.
IT DOESN'T MATTER IF YOU ARE REPUBLICAN OR DEMOCRAT!
KEEP IT GOING!!!!
Propose this in 2009:
START A MOVEMENT TO PLACE ALL POLITICIANS ON SOCIAL SECURITY
(This is worth reading. It is short and to the point.)
Perhaps we are asking the wrong questions during election years.
Our Senators and Congresswomen do not pay into Social Security and, of
course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of their
rare elevation in society. They felt they should have a special plan for
themselves So, many years ago they voted in their own benefit plan.
In more recent years, no congress person has felt the need to change it.
After all, it is a great plan.
For all practical purposes their plan works like this:
When they retire, they continue to draw the same pay until they die.
Except it may increase from time to time for cost of living adjustments.
.....
For example, Senator Byrd and Congressman White and their wives may expect
to draw $7, 800,000.00 (that's Seven Million, Eight-Hundred Thousand
Dollars), with their wives drawing $275, 000.00 during the last years of
their lives.
This is calculated on an average life span for each of those Dignitaries.
Younger Dignitaries, who retire at an early age, will receive much more
during the rest of their lives.
Their cost for this excellent plan to them is $0.00. NADA!!! ZILCH!!!
This little perk they voted for themselves is free to them. You and I pick
up the tab for this plan. The funds for this fine retirement plan come
directly from the\ General Funds;
"OUR TAX DOLLARS AT WORK"!
From our own Social Security Plan, which you and I pay (or have paid) into,
every payday until we retire (which amount is matched by our employer),
We can expect to get an average of $1,000 per month after retirement.
Or, in other words, we would have to collect our average of $1,000 monthly
benefits for 68 years and one (1) month to equal Senator Bill Bradley's
benefits!
Social Security could be very good if only one small change were made.
That change would be to Jerk the Golden Fleece Retirement Plan from under
the Senators and Congressmen. . Put them into the Social Security plan with
the rest of us
Then sit back..... And see how fast they would fix it!
If enough people receive this, maybe a seed of awareness will be planted and
maybe good changes will evolve.
Social Security 2009
2010 is an election year for 1/3 of the senate and 1/2 of the house of
representatives. It would be nice if congress got the message; the voting
taxpayers are in charge now.
LET US SHOW OUR LEADERS IN WASHINGTON "PEOPLE POWER" AND THE POWER OF THE
INTERNET.
PLEASE FORWARD TO ALL OF YOUR FRIENDS.
IT DOESN'T MATTER IF YOU ARE REPUBLICAN OR DEMOCRAT!
KEEP IT GOING!!!!
Propose this in 2009:
START A MOVEMENT TO PLACE ALL POLITICIANS ON SOCIAL SECURITY
(This is worth reading. It is short and to the point.)
Perhaps we are asking the wrong questions during election years.
Our Senators and Congresswomen do not pay into Social Security and, of
course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of their
rare elevation in society. They felt they should have a special plan for
themselves So, many years ago they voted in their own benefit plan.
In more recent years, no congress person has felt the need to change it.
After all, it is a great plan.
For all practical purposes their plan works like this:
When they retire, they continue to draw the same pay until they die.
Except it may increase from time to time for cost of living adjustments.
.....
For example, Senator Byrd and Congressman White and their wives may expect
to draw $7, 800,000.00 (that's Seven Million, Eight-Hundred Thousand
Dollars), with their wives drawing $275, 000.00 during the last years of
their lives.
This is calculated on an average life span for each of those Dignitaries.
Younger Dignitaries, who retire at an early age, will receive much more
during the rest of their lives.
Their cost for this excellent plan to them is $0.00. NADA!!! ZILCH!!!
This little perk they voted for themselves is free to them. You and I pick
up the tab for this plan. The funds for this fine retirement plan come
directly from the\ General Funds;
"OUR TAX DOLLARS AT WORK"!
From our own Social Security Plan, which you and I pay (or have paid) into,
every payday until we retire (which amount is matched by our employer),
We can expect to get an average of $1,000 per month after retirement.
Or, in other words, we would have to collect our average of $1,000 monthly
benefits for 68 years and one (1) month to equal Senator Bill Bradley's
benefits!
Social Security could be very good if only one small change were made.
That change would be to Jerk the Golden Fleece Retirement Plan from under
the Senators and Congressmen. . Put them into the Social Security plan with
the rest of us
Then sit back..... And see how fast they would fix it!
If enough people receive this, maybe a seed of awareness will be planted and
maybe good changes will evolve.
Beach Fanatic
Social Security 2009
2010 is an election year for 1/3 of the senate and 1/2 of the house of
representatives. It would be nice if congress got the message; the voting
taxpayers are in charge now.
LET US SHOW OUR LEADERS IN WASHINGTON "PEOPLE POWER" AND THE POWER OF THE
INTERNET.
PLEASE FORWARD TO ALL OF YOUR FRIENDS.
IT DOESN'T MATTER IF YOU ARE REPUBLICAN OR DEMOCRAT!
KEEP IT GOING!!!!
Propose this in 2009:
START A MOVEMENT TO PLACE ALL POLITICIANS ON SOCIAL SECURITY
(This is worth reading. It is short and to the point.)
Perhaps we are asking the wrong questions during election years.
Our Senators and Congresswomen do not pay into Social Security and, of
course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of their
rare elevation in society. They felt they should have a special plan for
themselves So, many years ago they voted in their own benefit plan.
In more recent years, no congress person has felt the need to change it.
After all, it is a great plan.
For all practical purposes their plan works like this:
When they retire, they continue to draw the same pay until they die.
Except it may increase from time to time for cost of living adjustments.
.....
For example, Senator Byrd and Congressman White and their wives may expect
to draw $7, 800,000.00 (that's Seven Million, Eight-Hundred Thousand
Dollars), with their wives drawing $275, 000.00 during the last years of
their lives.
This is calculated on an average life span for each of those Dignitaries.
Younger Dignitaries, who retire at an early age, will receive much more
during the rest of their lives.
Their cost for this excellent plan to them is $0.00. NADA!!! ZILCH!!!
This little perk they voted for themselves is free to them. You and I pick
up the tab for this plan. The funds for this fine retirement plan come
directly from the\ General Funds;
"OUR TAX DOLLARS AT WORK"!
From our own Social Security Plan, which you and I pay (or have paid) into,
every payday until we retire (which amount is matched by our employer),
We can expect to get an average of $1,000 per month after retirement.
Or, in other words, we would have to collect our average of $1,000 monthly
benefits for 68 years and one (1) month to equal Senator Bill Bradley's
benefits!
Social Security could be very good if only one small change were made.
That change would be to Jerk the Golden Fleece Retirement Plan from under
the Senators and Congressmen. . Put them into the Social Security plan with
the rest of us
Then sit back..... And see how fast they would fix it!
If enough people receive this, maybe a seed of awareness will be planted and
maybe good changes will evolve.
Mostly fiction. snopes.com: Congressional Pensions
The average annuity for those elected after 1983 is ~$47,000. And they do pay into SS and their own retirement plan. They can opt to receive SS only when they retire. I would be very surprised to find any who have or will.
You can find details in this document:
http://www.senate.gov/CRSReports/crs-publish.cfm?pid='0E,*PLC8"@
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