Breaking News

Wednesday, July 30, 2014 - 12:02pm
Watches & Warnings Warnings

No Increase for Social Security

POSTED: Sunday, August 23, 2009 - 4:16pm

UPDATED: Thursday, April 8, 2010 - 3:46am

WASHINGTON, D.C. - Millions of American senior citizens and others who receive Social Security checks will not be getting an annual cost of living increase next year.

Trustees who oversee Social Security say it is possible that the cost of living adjustment will need to be suspended for two years.

This hasn't happened since the automatic adjustments went into effect in 1975.

Comments News Comments

I can't make ends meet now. With no increase I'm not sure what to cut off the phone or the electric. Everything else is increasing in cost. Why does our goverment officials always cut the old who can no longer work or the young who can't work. I would like the offical to try and live like I do. They wouldn't last very long, and medical conditions with prescrictions will forget that. If its not generic you do without.

Try working for the state of Texas. I have for 28 years and just found out that if I were to retire before the new reduction in benefits took place on Sept. 1, I would receive $1,306.00 a month before taxes and health insurance were taken out leaving me with only $550.oo a month for my wife and I to live on. The state of Texas retirees have not received an increase in their annuities for the past 9 1/2 years while the cost of living has sky rocketed.
Our republican legislature and governors, over the last 14 + years have been reducing the benefits of Texas retirees to include taking away their prescription drug program when they become eligible to receive Medicaid. This has put an even greater burden on the very employees who have risked their lives for at least 20 + years to protect the citizens of Texas. I DO NOT HEAR THE CITIZENS COMPLAINING ABOUT THAT GRAVE DISERVICE. THESE EMPLOYEES WERE PROMISED THESE BENEFITS WHEN THEY WERE HIRED AND WERE LOYAL TO THE CITIZENS AND THE STATE JUST TO HAVE THEIR BENEFITS CUT AND DENIED ANY COST OF LIVING ADJUSTMENTS BY OR STATE GOVERNMENT.

With each job that is lost here in the US we lost a worker who was paying into social security. We need to put an end to NAFTA and all of the fast track free trade agreements that G.W. Bush got us into and raise the tariffs on all goods coming into the US to the same rate that our companies pay to put our American products on the markets in other countries. we need to make all foreign workers here on visas who do not pay income tax on wages earned here pay their taxes at the same rate as American workers and pay in to social security and Medicare and Medicaid.
The Clinton & bush free trade deals need to become fair trade deals or no deal at all. Put Americans back to work and the revenue will flow into these programs like it should.
On an 08-24-09 post, Rollinson said: "Privatization of retirement savings needs to become the law of the land". Well Rollinson, the reason we have social security is due to the crash of the stock market in 1929 which caused the great depression. just think what would have happened if all of the funds of the social security admin. were invested in the stock market when it crashed under bush and is still unstable. where would all of our money be....gone is where into the pockets of a few like Enron.
I agree with Mel. The Iraq war was funded with most if not all social security deposits during the time bush was in office and I would bet nothing has changed there either.
There is NO INTEGRITY left in the people of our nation, it is all about, “what I get and what I want no matter who it destroys just as long as I I I I I I I I I I I get ahead of you”
GREED !!!! A SIN !!!!

Yes I agree, how can anyone live on $757.00 a mo S.S., they're crazy. They need to get their acts together. I cannot afford a supplement. With the increases of rent, utilities, fuel, etc.
I've even been refused 3xs by OHP(Oregon Health Plan). All I have is Medicare which only pays 10 o/o of health costs, which they should pay 50 to 100 o/o. Next year my apt. rent will increase to $25.00. Gov. officials need to cut their salaries, quit digging in and taking our S.S. for their use.

Yes I agree, how can anyone live on $757.00 a mo S.S., they're crazy. They need to get their acts together. I cannot afford a supplement. With the increases of rent, utilities, fuel, etc.
I've even been refused 3xs by OHP(Oregon Health Plan). All I have is Medicare which only pays 10 o/o of health costs, which they should pay 50 to 100 o/o. Next year my apt. rent will increase to $25.00. Gov. officials need to cut their salaries, quit digging in and taking our S.S. for their use.

we need to tell all incumbents that if we don't get a s.s. increase, they don't get our vote at election time....

If our government would just get the illegals off our backs, there would be no extra money going out and cutting the elderly short. Just be in the good ole USA when your kid is born and here comes the benefits.

I guess the CEO's need a bonus more than the disabled need a cost of living increase.

I guess the CEO's need there bonus more than the disabled neeed a cola.

Well if Medicaid and Medicare are as broke as Social security, then how will we take money from M&M to fincance a public option healthcare plan?

Post new Comment