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Roon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 03:31 PM
Original message
Millions Face Shrinking Social Security Payments
WASHINGTON -- Millions of older people face shrinking Social Security checks next year, the first time in a generation that payments would not rise.

The trustees who oversee Social Security are projecting there won't be a cost of living adjustment (COLA) for the next two years. That hasn't happened since automatic increases were adopted in 1975.
http://www.thedenverchannel.com/money/20517197/detail.h...
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madmax Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 03:33 PM
Response to Original message
1. Stand by for a major senior
shit storm!! :scared:
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bkkyosemite Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 03:44 PM
Response to Reply #1
3. And I'm one of the shit storms coming
:scared:
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madmax Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 06:07 PM
Response to Reply #3
10. I'm with ya, hell hath no fury
like a senior radical boomer ;) :hi:
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bkkyosemite Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 11:52 PM
Response to Reply #10
11. Right on and I'm one of the first 1946 grrrrrr
:toast:
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Retired AF Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 03:37 PM
Response to Original message
2. But hey
We have money for cash for clunkers.
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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 03:46 PM
Response to Original message
4. And you can bet CONgress voted itself a nice fat raise this year...
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B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 03:49 PM
Response to Original message
5. Raise taxes on the top 10%, problem solved!
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madfloridian Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 03:49 PM
Response to Original message
6. Coming under a Democratic administration....not a good thing.
Bush played them by giving a 5% raise last year. We need to play damage control.

All that money for wars, none for seniors.
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OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 04:24 PM
Response to Original message
7. Are the Democrats out to lunch???? The Dems are permitting themeselves
to become the enemy of Seniors. Perception in politics is often
more important than reality.

This plus the appearance they will be throwing Mediare Advantage
Clients to the streets in order to insure those who do not
have insurance.

Dems are beginning to give the perception that they are as bad
as republicans for seniors.

Guess what as one consultant puts it. Old People vote and when
they are angry they vote no. This means watch out at the next
election. They just vote no.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 04:27 PM
Response to Original message
8. strawman
"not getting a raise" does not mean the checks will be smaller.. :grr:..just that they will not be bigger..
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katsy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-23-09 05:22 PM
Response to Reply #8
9. Med part D will cost more -
it will come out of the SS checks.

Indeed, the checks will be smaller and that is not a healthy thing to happen for most seniors.
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