BeverlyJRaffaele

BeverlyJRaffaele
Location
Vancouver, Washington, USA
Birthday
June 17
Title
Artist's and Writer's Magazine
Company
www.artspoetry.com
Bio
Author, Artist, Wife, Mother, Grandmother

MY RECENT POSTS

OCTOBER 16, 2010 7:59PM

I am So fed up disappointed and angry!!!

Rate: 0 Flag
  Some company out of California bills Medicare for this! They tried to charge my 80 yr old dad $128.00 for a little rubber gasquet (you know like one buys for their water hose)that goes on a hose for his c-pap. Wow! Should I name names?

"Senate Rejects $250 Social Security Bonus"

Budget Conscious Democrats and Republicans Vote Against Obama's $14 Billion Proposal

(AP)  The Senate has rejected President Barack Obama's proposal to give a $250 bonus payment to people on Social Security.

The proposal failed by a 50-47 vote in which Republicans and Democratic budget hawks opposed the idea for adding $14 billion to the budget deficit. Independent Vermont Sen. Bernie Sanders said the $250 payment was needed to make up for the lack of a cost-of-living adjustment this year for beneficiaries. Disabled people and veterans also would have been eligible for the payments.

Seniors received an identical $250 bonus last year as part of the economic stimulus bill.

But economists say the payments don't do much to boost the economy since many seniors simply save the money rather than spend it.

Social Security COLA

September 23, 2009

Updated: Sept. 25, 2009

Q: Will Social Security recipients be denied a cost of living increase next year? Are Democrats to blame?

A: There won’t be a COLA increase paid this January, and probably not in January 2011, either. But the cause is volatile oil prices, not anything done by the current Congress.

FULL QUESTION

I received this e-mail yesterday:

Social Security………………

For the first time in history, the Democratic Congress will not allow an increase in the social security COLA (cost of living adjustment).
 

 

FULL ANSWER

Social Security checks have gone up automatically every year since 1975, when the first automatic cost-of-living adjustment (COLA) took effect. Prior to that, a separate act of Congress was required to grant any adjustment to compensate for inflation. But this January, there won’t be any COLA, for the first time in the 35 years the system has been in operation.

The reason is simple: The official measure of the cost of living has gone down, not up.

And the major reason for that is that oil prices plunged from the peaks of the previous year.

It’s a reversal of what happened last year, when soaring fuel prices pushed the cost of living measure sharply upward, producing the 5.8 percent COLA increase that went into effect last January. That was the largest increase since 1982.

That came about because, by law, the COLA is determined by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which is tabulated by the career professionals at the U.S. Bureau of Labor Statistics. And from the third quarter of 2007 to the third quarter of 2008 (the period determined by law) the CPI-W went up 5.8 percent.

But now things are different. The CPI-W peaked a year ago, just before the 5.8 percent increase was calculated, and took a nose dive in the months that followed. Quarterly figures won’t be available until October, but based on monthly figures, the CPI-W now stands 1.9 percent below where it was 12 months before

http://www.factcheck.org/2009/09/social-security-cola/

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