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Heartless Republicans Raise Social Security Most in 15 Years

 
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Thu Oct 19, 2006 8:50 am    Post subject: Heartless Republicans Raise Social Security Most in 15 Years Reply with quote

Those bastards! They raised Social Security more than in the past 15 years (includes Clinton Administration)...and this during a period of very low inflation.

http://www.signonsandiego.com/uniontrib/20061019/news_1n19social.html

Quote:
WASHINGTON Social Security checks for nearly 49 million retirees are going up by 3.3 percent next year an average increase of $33 per month, although rising health care costs will take a bite out of the gain.

The monthly benefit for the typical retiree will rise to $1,044 from an average of $1,011 this year.

The cost-of-living adjustment announced yesterday by the Social Security Administration will go to more than 53 million people. Nearly 49 million receive Social Security benefits and the rest Supplemental Security Income payments aimed at the poor.


What's next? Renewing the No Child Left Behind act? (oh, yea, GW is working on it now)
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brian-hansen
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Joined: 17 Mar 2006
Posts: 712
Location: Oregon

PostPosted: Tue Oct 31, 2006 12:29 pm    Post subject: Reply with quote

By existing law, payments are increased to keep up with
inflation. Neither the congress nor the president did anything
active to raise social security. Of course, if they had cut
it, they'd have a revolt on their hands, and rightly so.

Of course, by focussing on the raising "more than in the
past 15 years", you gloss over the fact that it is a percentage
raise. If the percentage were the same for 15 years, every
year would be the highest raise so far, because the percentage
would be applied to the previous "largest" raise.

You seem to be so caught up in making partisan points, that
you appear to be spinning the truth. I suggest that this is
detrimental to your credibility.

-Brian
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