Social Security Payments to decline

[idlewind]

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.

 

[Bob]

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.

what does obama have to do with ss colas?

 

[Andy A]

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.

 

[Blair]

what does obama have to do with ss colas?

I hope nothing......King Midas he aint!

 

[scooterbug44]

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."

 

[Blair]

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'....

 

[poppy]

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.

 

[TooFarTampa]

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.

 

[Andy A]

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.

I stand corrected. You are right about the slight decrease because Medicare coverage will increase. Sorry, I forgot about that.

 

[TooFarTampa]

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: