Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Carolyn who wrote (77003)	1/2/2010 1:28:41 PM
From: TideGlider	Read Replies (1) \| Respond to of 224737

Carolyn I am not certain this is entirely true. The SS COLA's and may others in state and federal retirement accounts are figured on the influence of inflation. Now if there was a vote on 2011 I am unaware of it. I know this year there was , by their definition no inflation. 1.They voted to not give you a Social Security Cost of living raise in 2010 and 2011.

To: Carolyn who wrote (77003)	1/18/2010 11:57:08 AM
From: TimF	Read Replies (1) \| Respond to of 224737

I don't think there was any vote not to give a SS cost of living increases, its just that the CPI didn't show any inflation. Also it could be argued that cutting back on such increases is a good thing, it helps control run-away federal spending, after all Social Security is the largest program. OTOH the COLA if it occurred would have been much smaller than all the bailout and stimulus money. At least in one year. (Since the COLA adds to the base amount for future COLAs, the amount could be huge if you add it up over many years, OTOH spending well in the future should be discounted, money today is worth more than money years or decades down the line.) But if you like increases there, well there wasn't a COLA, but there was a $250 cash payment.