Monday, October 19, 2009

Soc Sec COLA

Obama recently approved a 2% salary increase for all federal employees effective January 1, 2010. Members of the executive, legislative and judicial branch are due for an automatic pay increase in January as well. All this on the backs of seniors who will not incur any COLA increases for several years.

For the first time in history, the Congress will not allow an increase in the social security COLA (cost of living adjustment). In fact, The Henry J. Kaiser Family Foundation predicts there may not be any COLA for the next three years.

However, the per person monthly Medicare insurance premium will be increased from the 2009 premium of $96.40 to $104.20 in 2010 and to $ 120.20 for the year 2011. Why should seniors vote to put people with this kind of poor judgment back in office?

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