59. Seems so cruel. And further reduces buying power of the public.
Seems so contrary to what we need now-- more money in the hands of people who will spend it right away.
We need to stimulate the demand side in our economy, not cut it back!
Sorry to hear that the way the COLA law has been written, it doesn't make any accommodations for situations like we've just encountered in which millions of people's 401k savings were recklessly looted by the finance professionals they relied upon.
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