Thursday, July 23, 2015

Antisocial Insecurity

Disgraceful: "Social Security doesn't expect to pay any cost-of-living adjustment, or COLA, to beneficiaries in 2016 because inflation hasn't been high enough to justify it. In 2015, Social Security recipients got a measly 1.7 percent raise -- and many complained about that. But next year is almost certainly going to be worse -- zero percent -- because the Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W, as calculated by the Department of Labor, has gone down since January." 

Also, "Social Security Disability is in worse shape, with its trust fund expected to be kaput in 2016. That's unchanged from last year's estimate."  Here's a suggestion to save money:  how about kicking the millions of fraudulent, able-bodied recipients off those rolls?

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