Social Security makes it official: No COLA
October 15th, 2009 . by TexasFredSocial Security makes it official: No COLA
WASHINGTON - There will be no cost of living increase for more than 50 million Social Security recipients next year, the first year without a raise since automatic adjustments were adopted in 1975.
Blame falling consumer prices. By law, cost of living adjustments are pegged to inflation, which is negative this year, the government said Thursday, because of lower energy costs. Social Security payments do not go down, even when prices drop.
The Obama administration, meanwhile, is pursuing a different way to boost recipients’ income. On Wednesday, President Barack Obama called for a second round of $250 stimulus payments for seniors, veterans, retired railroad workers and people with disabilities.
The payments would match the ones issued to seniors earlier this year as part of the government’s economic recovery package. The payments would be equal to about a 2 percent increase for the average Social Security recipient.
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Social Security makes it official: No COLA
Social Security has been robbed blind America! Robbed by politicians that needed the money for *other* projects, robbed by those that are drawing Social Security and aren’t really disabled, and robbed by those that didn’t pay into Social Security all of their lives.
Mismanagement and abuse. That is the heritage of Social Security. And I offer this to my readers, I didn’t do the math, I am re-posting this as it was received. Enjoy it for what it’s worth or not, makes no difference to me, but the rest of this post makes more sense than anything I have seen in a very long time!
Compare the lives of ‘JOE LEGAL’ and ‘JOSE ILLEGAL’
These two families appear to be very similar. Both families have 2 parents, 2 children and live in California.
“Joe Legal” works in construction, has a Social Security Number, and makes $25.00 per hour and he has payroll taxes deducted.
“Jose Illegal” also works in construction, has NO Social Security Number, and gets paid $15.00 per hour cash “under the table”.
Joe Legal… $25.00 per hour x 40 hours = $1000.00 per week = $52,000 per year. Now take 30% away for state and federal tax. Joe Legal now has $31,231.00.
Jose Illegal… $15.00 per hour x 40 hours = $600.00 per week = $31,200.00 per year. Jose Illegal pays no taxes. Jose Illegal keeps all the cash he earns, = $31,200.00.
Joe Legal pays for Medical, Dental and Vision Insurance with limited coverage …$1000.00 per month = $12,000.00 per year. Joe Legal now has $19,231.00.
Jose Illegal has Obama’s Socialized Heath Care which includes full Medical and Dental coverage through the state and local clinics at a cost of $0.00 per year. Jose Illegal still has $31,200.00.
Joe Legal makes too much money to be eligible for Food Stamps or Welfare so Joe Legal pays for food… $700.00 per month = $8,400.00 per year. Joe Legal now has $10,831.00.
Jose Illegal has no documented income and is eligible for Food Stamps and Welfare. Jose Illegal and his family eat very well and still has all his cash $31,200.00.
Joe Legal pays home mortgage of $1,300.00 per month = $15,600.00 per year.. Joe Legal is now in the hole -($4,769.00).
Jose Illegal receives a $500 per month Federal rent subsidy, which entirely pays his rent of $500.00 per month = $6,000.00 per year. Jose Illegal still keeps all the cash he earns $31,200.00.
Joe Legal now works overtime on Saturdays and gets a part time job after work to make ends meet.
Jose Illegal has nights and weekends off. He is planning a vacation to Disneyland with his family.
Joe Legal’s and Jose Illegal’s children both attend the same school.
Joe Legal pays for his children’s lunches while Jose Illegal’s children get free government sponsored lunches.
Joe Legal and Jose Illegal both enjoy the same Police and Fire Services, but Joe Legal paid for them in his property taxes. Jose Illegal lives in socialized housing and pays no taxes.
Why are 20 million illegal aliens allowed to abuse our system?
Americans are demanding a change to this serious injustice that was created by liberal Democrats, and worsened by Obama and his socialist administration. Small wonder the state of California is some 42 BILLION DOLLARS in the red over the next 2 years! Now you know why Obama sent ACORN to register illegal aliens to vote for Democrats, and continued abuse of working Americans.
ARE YOU MAD ENOUGH TO DO ANYTHING ABOUT IT YET??
20 million some odd ILLEGALS in this nation, drawing Social Security, food stamps, health care, unemployment and ALL at the expense of the American tax payer. And it is US, the American TAX PAYER, that is paying the bills and feeling the pressure.
We have AMERICAN CITIZENS that are hurting! They are hungry, they need food, medicine and shelter, yet our government insists on letting 20 million or so ILLEGALS in this nation bleed our resources dry and STEAL our money, as our own citizens suffer!
Come election time in 2010 and 2012, we have a responsibility to elect AMERICA 1st people to serve in Congress and in the Senate. People that will put Americans 1st and work as hard as possible to rid this nation of the ILLEGAL infestation that is causing this nation to dissolve into a 3rd world socialist haven!
Great Post Fred.
I had never considered the math side. Even if it is lacking, and I don’t think it is, I would consider it a good representation.
Our nation is being destroyed by illegal immigration and bleeding heart liberals. Most of our problems in this nation can be solved or greatly improved by fixing the illegal immigration problem. Our current crop of congress critters refuse to take action. They need to be removed and replaced with America First people. This isn’t just a federal problem, it is at every level.
This November you have a local election. Show up. Know the candidates, and make America First Choices. Taking back America starts NOW.
ablur,
I used to think of liberals as “bleeding hearts”, but not no more. (I’m sure you use the reference in the sarcastic vein!) There are actually 2 kinds. The progressives; frustrated, angry individuals that have never made it or felt acceptance in this country and are bitter and want America to pay, and pay, and pay… the ones who have taken over the Socialist Democrat Party! Then there are the old “party line” libbers who refuse to see reality or the evil that has absconded with their beloved “working class, for every man” party and labor unions. Most libbers are of this variety. My family, being loaded with school teachers, is loaded down with this variety. Either way, we can only hope that in every family across this country, that more and more traditional libbers are waking up like I, my sister, and some of my cousins have done over the years. There is no hope for Progressives, which is what most politicians of the Democrat Party and the DNC are. Progressivism is a destructive force and based on communism in my opinion.
Libbers try to promote the idea that “they just care more” about the oppressed, the environment and world peace… more than the rest of us do. I guess that is why we of the Conservative vein give millions more to charity!!!
You see it is just hogwash that they have “bleeding hearts”… their own hype that isn’t based in fact, just like everything else they promote. The fact that their “group think” runs along the lines of wanting to believe their own hype is what made them ripe for buying into Obama. Watching everything transpire during the election, was terrifying for a former, recovering liberal. like myself. Eh Gads!!!
I’m hearing that Obama wants to pay off Seniors with a $250 check. He doesn’t have the money and doesn’t know where he’ll get it but he’ll put us more in debt to pay his bribe money.
http://apnews.myway.com/article/20091015/D9BB77S00.html
Bob, I feel fairly safe in saying this, Barack Hussein Obama is a damned fool!
I’ll take the $250, but will not pat Obama on the back for being a fine upstanding person for he is just another politician who thinks by passing out others money that he can buy votes. My vote is not for sell at any price, but if I sent the check back it might go to ACORN as they have been refunded in some ways.
Just like that extra few dollars on everyone’s paychecks that he called “stimulus”… come tax time we will all be in line to buy the KY Jelly!
Also, in April I encountered a comment made by a CPA on a forum about how screwed everyone will be at tax time because of those few dollars we have been getting from the so called stimulus Teh One gave us! You should go read it as it may save you money at tax time.
Important Tax information to be aware of.
This government does nothing to help “the little folks” without expensive strings attached.
Hope you don’t mind my posting the link Fred, but it is helpful information.
E-Verify should be on the national agenda to countermand any illegal alien infiltration into the working environment. Whatever needs to done should take priority to remove the unauthorized labor in our jobless nation. More funding, more modifications until the illegal immigrant fraudulent use of documentation becomes a thing of the past. Using whatever technical programming that is available, to make it’s operation inadvisable? Any database including state criminal, FBI, Social Security, Homeland Security, and any other means possible. Ultimately the final version would contribute photo verification, national ID system with biometric data which has been recommended by the Brooking’s Institute and Duke University MIT. Supposedly small employers who don’t operate computers should have common access in such locations as Post Offices or other approachable government building to identify the workers they are hiring.
There should be no excuse to not install a nationwide mandatory system of worker identification. My suggestion is that-ALL-I-9′s should be copied and a duplicates sent to a Homeland Security Clearing House? Creating such an office would be a simple affair, if our state and federal government would be more beneficial to the working American male and female. If our government is sincere in securing our borders, and introducing new immigration enforcement tools, then E-Verify will become the final deterrent and not be weakened by Sen Harry Reid and his administration. I have made a point of speaking to a few business human resources departments, and found most are enthusiastic about the use of Verify. Only 1 of the 6 companies that I investigated determined some false negatives” and “false positives. But they always have a backup system of contacting the Social Security agency nearest to them, until the irregularities are resolved.
All that remains is citizens and legal residents to stop the Obama people from throwing a wrench in the cogs and stopping any technological advancement with E-Verify. E-Verify can be used on a universal level in checking bogus drivers license applications, auto insurance, home purchase, health care and other personal data. It would certainly alleviate the kidnapping of social service programs by the 20 to 30 illegal immigrants in America. It would displace foreign nationals so down-trodden legal single mums with children, homeless vets, senior citizens and even students could get employment. It all depends on all of us to contact our Representative in Washington at 202-224-3121. Tell them you don’t want half measures by full permanent implementation? NO MORE DRAGGING THEIR FEET? Tell them your remember them on next election day. YOU ALSO WANT AN END TO ANOTHER AMNESTY.
Don’t let them distract you, but repeat your demands without hesitation to these open border jerks. Invest a little time and check what your politicians are doing to our immigration enforcement safeguard at NUMBERSUSA. Read about the consequences of future OVERPOPULATION at WEBCAPS and our collapsing infrastructure, that has been ignored for decades nationwide. Last read factual information at JUDICIAL WATCH that discloses the lawmakers, that are running the country for themselves, friends and business associates. ITS ALL FREE. Read that some of the White House Czars are not true Democrats, but are shadowed by their past Liberal Marxist backgrounds.
Hope SF invests in Gold, Silver, Platinum and LEAD, as Fred advised so long ago…
Actually, I didn’t say a thing about gold, silver or platinum…
I said PRECIOUS METALS…
As in brass, lead, copper and gun steel!
Social Security and VA comp are both my livelihood, receiving them both for service connection disabilities. I do well to live on that in a months time and I’m not even a big spender, a penny pincher in fact, and having 2 daughters to buy for and raise makes things very difficult for me and so many others in the same boat that legitimately receive it for the right reasons.
I guess I’ll be one of those getting that $250 as well, but I guarantee you I want be sending a Thank You card to the White House. The system is completely broken as you’ve so eloquently pointed out.
A very frustrating article.
Seems that I remember that. But? Oh well…
Arm up! Arm UP! And do so off paper. They are coming for YOU now!
First it was the Jews, then the Italians,then the Irish, and now?
They are coming for you!
Precious metals
http://i5.photobucket.com/albums/y171/hipowersandhandguns/357CorbonGSDPXJHP.jpg
About Joe and Jose. It wasn’t just Liberal Democrats who are responsible, many Republicans had their hand in that too. George Bush and John McCain are two that quickly come to mind. Bush constantly said “they’re doing the jobs Americans won’t”. I bet in today’s economic environment, Americans would welcome those jobs. Bush and McCain allowed a porous boarder and what thanks did they get? The Hispanic votes they hoped to get went for Obama and Democrats.